According to CoinMeta, a16z announced that it would rename its flagship blockchain fund to a16z, with GP Ali Yahya stepping down in the long term. The fund has raised nearly $10 billion in total, including $4.5 billion in 2022 and $2.2 billion this year. Chris Dixon will remain in position, indicating that crypto assets and blockchain will continue to be the core areas of investment. The fund's investment scope will be expanded to cover a wider range of cutting-edge technology fields.