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Andreessen Horowitz backs NFT investor group behind rare Wu-Tang Clan album purchase



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The crypto collective that bought Wu-Tang Clan’s ‘Once Upon a Time in Shaolin’ album and an NFT of the original Doge image has a new member: venture capital firm Andreessen Horowitz.
The firm tells TechCrunch it has made an investment in PleasrDAO, a blockchain-aligned group of a few dozen crypto investors that have been teaming up to buy high-priced NFTs in recent months. The group’s purchases include the famous Doge image which they bought for $4 million (1,696.9 ETH to be exact) then later fractionalized and sold to the crypto community (it’s current implied market cap is just above $100 million). The DAO also paid some $5.4 million for a work from …

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