Our latest chart shows just how busy Andreessen Horowitz has been in backing creator economy deals—and how often these startups involve cryptocurrencies and related assets. Three of the 11 creator economy-related startups the venture firm has led funding for this year focus on non-fungible tokens (NFT), digital collectibles that creators can mint and auction on the blockchain.
That clustering reflects a thesis Andreessen partner Katie Haun said was fundamental when it was raising its second cryptocurrency fund last year, that “crypto and NFTs would catalyze new business models for creators,” she wrote in a recent blog post. While ads, in-app purchases and subscriptions have become income sources for creators, Andreessen believes the next wave of revenue will come from crypto.
