Even though cryptocurrencies such as BTC and ETH are not at their strongest this April, venture capital activity in the space has never been stronger.
Andreessen Horowitz, also known as a16z, led a $34 million funding round for decentralized identity startup Spruce. The Series A funding round also had participation from Ethereal Ventures, Electric Capital and Y Combinator, among others. Spruce is developing a protocol that lets users control their personal data across the Web2 and Web3 economies.
While future games may be blockchain-connected, the executives think that they may not fully run on the blockchain.
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