Proof of Play, the Andreessen Horowitz-backed Web3 gaming studio behind fully on-chain RPG Pirate Nation, announced it is ceasing operations after concluding it could not build a scalable and sustainable blockchain gaming business. The company will open-source Pirate Nation assets while an independent foundation continues supporting the PIRATE token.
Atoms, Travis Kalanick's robotics company, raised $1.7 billion in a funding round led by Andreessen Horowitz. Ben Horowitz will join the company's board, with participation from Bain Capital and Fifth Wall.
Digital Asset Holdings secured $355 million in funding led by Andreessen Horowitz, with participation from HSBC, Apollo, CME, BNP Paribas, Abu Dhabi Investment Authority, and over 20 other institutional investors. The round values the Canton Network blockchain developer at approximately $2 billion and will fund expansion of its institutional tokenization infrastructure.
The US Senate is advancing stablecoin legislation through the Clarity Act while blocking CBDCs, as Andreessen Horowitz urges the Treasury to establish uniform stablecoin regulations under the GENIUS Act to preserve token fungibility and enable payment innovation.
Andreessen Horowitz's crypto division announced its fifth dedicated crypto fund with $2.2 billion raised, marking one of the largest crypto venture funds launched in 2026 and bringing total commitments across all a16z crypto funds to over $7 billion.
AI coding assistant Cursor is reportedly in discussions to raise over $2 billion at a $50 billion valuation, with returning backers Andreessen Horowitz and Thrive expected to lead the round amid strong enterprise adoption.
OpenAI has completed a $122 billion funding round—the largest in Silicon Valley history—valuing the company at $852 billion. The round includes $3 billion from retail investors and comes as the company prepares for an anticipated IPO later this year.
