While Mint reported a16z would set up an office in India, the VC fund's general partner, Anish Acharya denied those developments. "As much as I adore India and the many impressive founders+investors in the region, this is entirely fake news," he said on his X account.
This comes at a time when US regulators are intensifying their scrutiny of the cryptocurrency industry.
Aptos Labs which operates Aptos Network and blockchain will host Chingari’s upgraded application to be launched in the second quarter of 2023.
Crypto Fund 4 is the firm’s fourth and biggest so far and double the size of the previous fund
Moneycontrol pieced this story from conversations with nearly a dozen people who are users, creators, psychologists, industry experts, and civil society organisations. Together, they painted a picture of a platform that is struggling to get moderation right, even after millions of downloads, and facing an uphill task to stay relevant to the right kind of audience it wants to attract.