Venture Fund Andreessen Horowitz invested $15 million in the Blockchain startup MakerDAO




Us venture capital Fund Andreessen Horowitz invested $ 15 million in the Blockchain startup MakerDAO (MKR).

MakerDAO is the company behind steilcoom DAI on the basis of Ethereum and its accompanying decentralized credit system. DAI laid in US dollars, however, is provided in Ethereum (ETH). Users can generate stablein, freezing a certain amount of ETH in an intellectual contract, so if the user wants to access his pledge, he should return the favor DAI.

According to the announcement, Andreessen Horowitz, through its investment Fund a16z has acquired 6 percent of the total number of tokens MKR. The purchase will allow you to manage MKR Dai and Credit System, as it is reported, becomes the “first” decentralized Autonomous organization supporting stablon.

MKR will also get operating capital through additional rounds of financing, three years of community support and operational support from more than eighty team members a16z. Rune Christensen, CEO and co-founder MakerDAO, commented:

“Thanks to the investment and operating support a16z, MakerDAO can speed up the evolution, innovation, and the introduction of Dai Credit System”.

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