Katie Haun ’s $ $15m m crypto fund, a16z , has made its first investment, buying 6% of MakerDAO's MKR token supply for 300 , paid over three years . She has been writing about technology for nearly two decades. The purchase gives a16z a stake in MakerDAO 's other crypto, the dai stablecoin. MKR helps dai maintain its peg with the MakerDAO dollar. Adoption and regulatory support of dai were the main drivers of the purchase, according to a16z . Both the fund and Horowitz will offer US sales, marketing and business development support.
Katie Haun ’s $ $15m m crypto fund, a16z , has made its first investment, buying 6% of MakerDAO's MKR token supply for 300 , paid over three years . The purchase gives a16z a stake in MakerDAO 's other crypto, the dai stablecoin. MKR helps dai maintain its peg with the MakerDAO dollar. Adoption and regulatory support of dai were the main drivers of the purchase, according to a16z . Both the fund and Horowitz will offer US sales, marketing and business development support.