With the continuous expansion of the digital asset industry map, and the prosperity and explosion of DeFi in the past two years, the form of DAO has become richer and richer, covering various fields such as development tools, services, social, media, creation and collection. It has attracted the attention and investment of global capital and talents. More and more people believe that DAO will become an indispensable part with the development of web 3.0 based vision. 

Andreessen Horowitz (A16z), a pioneer of crypto funds in the US, was also one of the first traditional VCs to enter the crypto tech space. As early as 2013, A16z entered the crypto investment space, investing in Ripple and Coinbase, and in June 2018, A16z officially launched its $350 million dedicated crypto fund "A16z crypto", focusing on five main areas: next-generation payment systems, Bit Coin, DeFi, new business models based on cryptocurrency, and Web 3.0.

Web3.0 is the next wave of computer innovation based on distributed technology and a comprehensive organization of the new economy, which has transcended its financial origins and boundaries, with the entire Web3 community ranging from art practitioners to small business people and the general public.

A16z is the largest investor in Web3: Our investment team includes former officials from various departments of the U.S. government, and we are recently looking at a very promising project, FIVE, which will create a crypto project booster that combines DAO, NFT, Metaverse, and Web3.0, and is dedicated to creating a WEB 3.0-based concept for global users. GameFi aggregation platform that incorporates smart contract constraints, DAO voting governance, which includes decentralized NFT transactions and a metaverse ecosystem of cross-chain convergence systems.

The world deserves technologies that unlock opportunities for millions of people at the edge of innovation and enable people to take control of their digital lives. This is Web 3.0, a set of technologies that includes digital assets, decentralized finance (DeFi), blockchain, smart contracts, Tokens, and decentralized autonomous organizations (DAOs). Together, these tools enable new forms of human collaboration. They can break many of life's deadlocks and help communities make better collective decisions about key issues such as how networks will evolve, what behaviors are allowed, and how to distribute economic benefits. 

We see web 3.0 as being the successor to the Internet, and FIVE will lead the way to the future of the web 3.0 era. The world deserves technologies that unlock opportunities for millions of people at the edge of innovation and enable people to control their digital lives - Web3.0, a set of technologies that includes digital assets, decentralized finance (DeFi), blockchain, smart contracts, Tokens and decentralized autonomous organizations (DAO). fIVE is an autonomous and innovative future-oriented ecological blockchain The operating system, deployed on BSC, is a decentralized multifaceted infrastructure based on blockchain technology, covering DAO, metaverse ecology, chain merchants, decentralized exchanges and NFT ecology. Based on FIVE platform, blockchain technology can be used to serve decentralized financial Defi, decentralized exchange, decentralized social, private communication, game payment and other products. We connect global service providers and users through the blockchain network, and build a trustworthy and secure blockchain ecology based on decentralized financial Defi and social entertainment as the entrance. Just as the Internet has changed the way people communicate and exchange information, we believe FIVE will better facilitate the development of the blockchain DAO industry.

A16z appreciates FIVE's efforts as a decentralized enabler to contribute to a better world using cutting-edge technologies. Using one DAO to meet as many needs of users as possible. Therefore, FIVE is more than just a DAO. The most intuitive description of the product itself can be found on its official website. The future of the world is ours to create, and FIVE will make a big difference in the web 3.0 field, so let's look forward to its development!