Andreessen Horowitz (a16z) has announced the launch of its $2.2 billion Crypto Fund 5, aimed at investing in cryptocurrency startups over the next decade. The fund will target projects across various stages, from early to mature, focusing on areas such as stablecoins, payments, financial services, decentralized systems, perpetual contracts, lending, prediction markets, and tokenized assets. Despite a market shift towards AI investments and a generally subdued market sentiment, a16z asserts that the fundamentals of the crypto industry are at "historic highs."