Venture capital firm a16z has launched its fifth crypto fund, Crypto Fund 5, with $2.2 billion dedicated to investing in blockchain startups over the next decade. Despite a shift in venture capital interest towards AI, a16z remains committed to the crypto sector, emphasizing areas like stablecoins, payments, and on-chain finance. In addition to its crypto initiatives, a16z is expanding its investments in AI. The firm led a Series A funding round for Tessera Labs, an AI system integration company, and for Ethos, a London-based AI recruitment platform. Tessera Labs aims to automate ERP migrations with AI, while Ethos uses AI to enhance talent identification. a16z also backed Glif, an AI content creation platform, highlighting its dual focus on crypto infrastructure and AI applications.