Andreessen Horowitz, a private American venture capital firm, led a $50m Series A funding round in Proof, a Web3 startup, with participation from Seven Seven Six, True Ventures, Flamingo DAO, Collab + Currency, SV Angel, and VaynerFund. “We are well aware that the world doesn’t need another token for speculation. So when we do something, it should be uniquely our own with real utility, and something that we believe pushes what’s possible in new and exciting directions. Otherwise, why would we be doing it? There’s just no reason at all,” Kevin Rose, Proof Founder.