Andreessen Horowitz, one of the biggest venture capital firms on the planet, has invested in NFT platform PleasrDAO. The venture capital company has invested in PleasrDAO, joining the ranks of other investors who have purchased high-valued NFTs.
Andreessen Horowitz Invests in PleaserDAO NFT
Andreessen Horowitz, a venture capital business famed for its investments in gaming, crypto, and e-commerce, has invested in PleasrDAO. PleasrDAO is a crypto company made up of NFT investors. Over the last few years, PleasrDAO and its members have purchased high valued NFTs such as the Wu-Tang Clan emblem and even a piece by Edward Snowden. The organisation uses DAO to ensure its platform is democratic, allowing its members to control the decision-making process on the Blockchain.
PleasrDAO is not the first NFT investment by Andreessen Horowitz, with the company also investing in other notable projects such as the Friends with Benefits DAO for millions. Andreessen Horowitz is thus building out its portfolio by investing.
In conclusion, Andreessen Horowitz’s investment in PleasrDAO is yet another sign of things to come for the NFT industry. Investment firms like Andreessen Horowitz are looking for new investment opportunities that are likely to make large returns.
The NFT industry offers just that for investors. It is profitable and highly lucrative for those who invest in it. Expect to see other investment companies invest in NFTs to boost their portfolio in the future. NFTs are becoming better than stocks in terms of investment. The market is starting to react to this.