Setter Secures $5M Seed Funding Led by a16z for Web3 Commerce Innovation. 💲💰

Andreessen Horowitz (a16z) leads a $5 million seed investment in Setter, a NYC-based Web3 app simplifying Web2 and Web3 integration for brand promotions and exclusive product drops, with a focus on addressing challenges related to current wallet technologies.

Initially targeting streetwear and sneakers, Setter plans to expand into fashion, luxury items, and collectibles. Strategic partnerships include Marcy Ventures Partners, Superlayer, Thirty-Five Ventures, and Serena Williams, showcasing broad support for Web3's transformative potential in e-commerce.

Setter is positioned at the forefront of the evolving e-commerce landscape, bridging the gap between Web2 and Web3, with a16z's investment signaling the growing recognition of Web3 technologies in reshaping commerce.

#a16z #AndreessenHorowitz #Setter

Venture capital firm Andreessen Horowitz (a16z) announced that it invested $100 million in crypto startup EigenLayer.

#EigenLayer #a16z #AndreessenHorowitz #eth #ethereum

MeshMap raises $4M in a funding round

#MeshMap secures $4M in a funding round co-led by #AndreessenHorowitz , #GSR , #Lattice , #EscapeVelocity , #Colosseum and angel investors. MeshMap is creating an open 3D map of the world using community-submitted 3D scans, incentivized with tokens and engaging gameplay.

Slyfire raises $1M in a Strategic funding round

#Skyfire secures $1M in a funding round from #CoinbaseVenture and #AndreessenHorowitz . Skyfire is a financial infrastructure designed to facilitate autonomous Agentic AI commerce. It enables #AI agents to conduct transactions-making and receiving payments-instantly and securely, without needing traditional financial systems like credit cards or bank accounts.