Odaily Planet Daily reported that a16z crypto general counsel Miles Jennings announced on the X platform that a16z has jointly launched a creator defense fund with OpenSea and Stand With Crypto! 🎨💰

This fund will invest $1 million and work with top law firms to provide legal services and advice to artists and creators who face potential government actions or want to ensure that their NFT projects are legal and compliant. 📜⚖️

Against the backdrop of increasingly stringent global blockchain regulation, this is undoubtedly a great boon to creators. The Bitcoin market remains strong, but the prospects of other cryptocurrencies still need to be cautiously watched. 🚀🔍