Andreessen Horowitz Opens Web 3.0 Research LabLivia Green
Venture capital firm Andreessen Horowitz (a16z) has created a division to research cryptocurrencies and other technologies related to Web 3.0.
— Tim Roughgarden (@Tim_Roughgarden) April 21, 2022
The department was headed by Columbia University computer science professor Tim Roughgarden.
“Today, we are pleased to announce the creation of a16z crypto research, a new type of multidisciplinary laboratory that will work closely with portfolio and other projects to solve important problems in space, and to advance the science and technology of the next generation of the Internet,” the statement said.
The firm noted that the goal of the division is the applied use of technology. To do this, it is integrated with the protocol development and design team, the legal department, and the marketing team.
The main objectives of the joint work will be:
- generation of ideas for solving complex open problems;
- creating production-ready code that will bring them to life;
- implementation of ideas in accordance with current rules;
- publication of results.
“Innovation in space is only accelerating. Each new entrepreneurial idea for a Web 3.0 application or protocol typically uncovers new research issues that are fundamental to how this technology movement will develop,” the company said.
As a reminder, a16z crypto-focused partner Chris Dixon topped the rating of venture investors according to Forbes.