a16z Renames Crypto Fund to a16z Frontier, Expands to AI and Biology

The rebrand signals that a major crypto-native investor no longer sees digital assets as a standalone category, but as one strand of a broader frontier-tech thesis. That matters most for crypto founders seeking early capital, since dedicated crypto mandates are narrowing even at flagship firms. The open question is whether this reflects genuine convergence between crypto and adjacent technologies or a repositioning as the sector's investment cycle cools — and whether other large funds follow with similar scope changes.