Venture Capital Giant Andreessen Horowitz Launches Crypto and Web3 Research Lab
A Silicon Valley-based investment firm is launching a new tech research lab to focus on innovation and problem solving as the crypto and blockchain world grows and matures.
In a new press release, venture capital titan Andreessen Horowitz announcement the birth of a16z Crypto Research to “help connect the worlds of academic theory with industry practice” in the area of Web 3.0.
“We are excited to announce the creation of a16z Crypto Research, a new kind of multidisciplinary lab that will work closely with our portfolio and others to solve important problems in the space and to advance science and research. next-generation Internet technology.”
The lead researcher will be Tim Roughgarden, a professor of computer science at Stanford and Columbia universities whose research area focuses on the future of Web 3.0.
Joining Roughgarden as a senior research advisor is cryptography expert Dan Boneh, who is a professor of computer science and electrical engineering at Stanford University.
The other founding members of the multidisciplinary team are Joseph Bonneau, Benedikt Bünz, Scott Duke Kominers and Valeria Nikolaenko.
The new branch of academic research will prioritize the implementation of new ideas and, to this end, four dedicated teams will work together using the following workflow:
“(1) Generate ideas for solving difficult open problems.
(2) Write production-quality code that brings those ideas to life.
(3) Ensure that our ideas and our implementation comply with all applicable regulations.
(4) Share our findings with the entire Web3 community. »
Andreessen Horowitz has been active in the cryptocurrency space throughout 2022. In January, it was revealed that the company plans to raise $3.5 billion for a new venture capital fund and $1 billion for dollars for a fund focused on seeding digital asset-centric startups.
Then, in early March, the company invested $70 million in Lido DAO (LDO), a decentralized autonomous organization (DAO) centered around staking the altcoin Ethereum (ETH).
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any loss you may incur is your responsibility. The Daily Hodl does not recommend the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment adviser. Please note that The Daily Hodl engages in affiliate marketing.
Feature image: Shutterstock/A. Solano/Nikeser Kate