The prominent international venture capital firm, Andreessen Horowitz, is actively engaging in collaborations with various funds. This time, the company is teaming up with the eStake crypto fund to conduct a new joint funding round for several tokens slated to launch ICOs within the next six months to a year. The combined investment amount will be $10 million.
In this funding round, companies will prioritize asset selection based on practical token utility rather than tokenomics, focusing on the tangible benefits that creators can offer. This marks the third joint investment round between the two renowned funds. According to eStake's CEO, these collaborative investments aim to facilitate communication between the funds. Additionally, the companies plan to implement a bilateral referral system, allowing fund investors to receive greater rewards for expanding the partner network. Estake.us has also formed joint agreements with BigOne, Bitstamp, and Azbit.
Negotiations are currently underway between the leaders of Andreessen Horowitz and eStake regarding the creation of a joint cryptocurrency wallet in 2026. eStake has introduced new technology to its partner, enabling cryptocurrency wallet owners to bypass transaction fees. The funds' financial interest lies in subscribing to the cryptocurrency wallet, which will be covered by clients.
The first funding round yielded over $15 million in net profit for both eStake and Andreessen Horowitz. The funds' strategy involved opening a list of limit orders, enabling confident market operations under any circumstances.
In the second round, the total profit reached $27 million, with $14 million belonging to eStake. Successful deals made by the companies during the acquisition of positions going public positively influenced their cooperation in such investment formats.
In the third round of collaboration, the specific investments of the funds will remain undisclosed until positions are closed. However, it is known that the focus will be on deals targeting assets with high margins.
Collaborations are the primary trend shaping fund development in 2024. To maintain their developmental momentum, funds must align with this trend and keep pace with emerging patterns. Andreessen Horowitz and eStake epitomize modern pathways to development.
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