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Seeking Alpha 2021-07-19 17:31:42

Andreessen Horowitz's Arianna Simpson: Crypto is 'multi-decade endeavor,' sees gaming as the next big market

da-kuk/E+ via Getty Images Arianna Simpson, a general partner for a multi-billion-dollar crypto fund within investment house Andreessen Horowitz, said Monday that the company views cryptocurrency as a "multi-decade endeavor," leaving it "unfazed" by trading cycles in assets like Bitcoin (BTC-USD). "We really take the long view and focus on technology," she told CNBC. Simpson, who was recently promoted to general partner within the firm's $2.2B crypto venture fund, identified gaming as one of the critical markets for the future of the industry. "That's a category where we expect the next hundreds of millions, billions of users to come in through," she said. The Andreessen Horowitz general partner argued that gaming and crypto have significant "natural alignment" that makes it a logical next step for development within the industry. Simpson noted that with crypto, games can grant users "ownership" within the products. She said these currencies also provide an easier

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