A16z Crypto adds IYK, a Web3 startup that provides tools to Adidas, to its portfolio.
Its seed round was led by Web3 venture capital firm, with participation from other notable VCs, including Collab Currency, gmoney, Lattice Capital, and 1kx.
Ouyang shares on his Twitter account that the company intends to expand its team and hire its first business development executive.
This move will further enhance its presence in the rapidly evolving marketplace.
A16z Cryptocorp invests in several Web3 startups, while a16z Venture also invests in many Web2 startups.
Through its accelerator program, the company gives competing platforms access to $500,000 for a 7% equity in
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