Breaking News: Chia will receive 200 million venture capital from A16Z, and its founder Bram expects to exceed the global storage capacity within two months

Let us review the history of Chia. It is not difficult to find that after Chia began to be listed and traded in early May, the price has been on an upward trend, which directly promoted the already very high return on investment, and it is even said that the investment can be recovered in one month.

In Chia mining, the main inputs are hard drives, SSD solid-state drives and HDD mechanical hard drives. So as of the 17th, how many hard drives are occupied by Chia mining?

We can get data from the browser. The current Chia network allocated space has reached 5.86EiB, which is about 6000PB, accounting for 0.6% of the total annual global hard disk shipments. Compared with 4.78EIB on the 15th, it has increased by 22.6% in two days, and increased six times compared with 1.1EB at the beginning of the month. It has reached such data in two months, and the growth rate is quite terrifying.

Based on this growth rate, it is not impossible for Chia founder Bram to exceed the global storage volume in February as claimed.

At the same time, A16z officially announced that Chia will be a key support project in the crypto capital market. In A16z's plan to establish a $1 billion cryptocurrency fund, Chia will receive an estimated investment of more than $40 million (more than 200 million RMB).

Chia has already started adding A16z as an investor

About A16Z

So, who is this A16z?

A16Z is an American private venture capital firm founded by Marc Andreessen and Ben Horowitz in 2009. They have jointly invested in 90 Internet companies including Skype, Zynga, Digg, Foursquare, Airbnb, Twitter, Facebook, Chia, etc.

At the same time, as one of the early investors in the crypto capital market, A16z has invested in: Coinbase Exchange, Filecoin project team: Protocol Labs and Chia project.