💰 Maker announces strategic purchase from a16z crypto
Stablecoin project MakerDAO ($MKR) announced earlier today that a16z crypto, a fund run by Andreessen Horowitz, had purchased six percent of the total supply of MKR tokens. The $15 million investment into Maker will give the team additional access to a16z's team and resources. Andreessen Horowitz and Polychain Capital had led a similar purchase in December of last year when investors purchased $12 million of MKR tokens.
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