Andreessen Horowitz Launches A New Multidisciplinary Lab a16z Crypto Research for Web 3
As the cryptocurrency market continues to mature, VC giants are putting up more efforts to fund research in the crypto space. Andreessen Horowitz announced the launch of its new multidisciplinary lab a16z crypto research that will work closely with the firm’s investment portfolio toward solving some major important problems in the crypto space.
This lab will focus on tapping the developments in emerging technologies such as Web 3.0. The official press release notes:
In the last decade, the world of crypto and web3 has likewise emerged as a new frontier in technology, and it has matured into an independent field of knowledge that brings together elements of computer science, economics, finance, and the humanities.
The VC giant cites additional development over the last decade taking place in decentralized finance (DeFi), open-source code running on blockchains (DAOs), and social networks that empower artists and creators (via NFTs).
A16z noted that there’s a major opportunity in the space for an industrial lab to bridge academic theory with industrial practice. The multidisciplinary lab will help to shape Web 3.0 and crypto to emerge as a formal area of study thereby attracting the best talent from multiple disciplines that are relevant to the space.
The Growth of Web 3.0
The Web 3.0 industry is likely to witness major growth in the decade ahead. Market Data Center has published a recent report Global Web 3.0 Blockchain Market Forecast to 2030.
On a geographic level, the Web 3.0 Market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The report notes that North America will hold a majority of the share in the global Web 3.0 Blockchain Market.
Furthermore, owing to significant investments in R&D, resulting in a faster pace during the forecasted period. With the current project, Tim Roughgarden will be leading the work on a16z crypto research.
- Bitcoin Still Undervalued, JPMorgan Forecasts Rally to $165,000
- Breaking: CME to Launch 24/7 Crypto Futures Trading Amid Rising Institutional Demand
- Citigroup Predicts Bitcoin Could Climb to $231,000 in 12 Months
- Ethereum and BMNR Rallies as BitMine Drops $1B on ETH, Analyst Hails “Most Bullish Setup Yet”
- ASTER Deposits Flows Into Binance Wallets Following CZ Endorsement, Listing Incoming?
- Solana Price Eyes $360 After Bullish Retest As VisionSys AI Deploys $2B Treasury Strategy
- Cardano Price Forecast As Hashdex Listing Fuels Optimism For $1.27 Breakout
- BONK Price Rally Ahead? Open Interest Jumps as TD Buy Signal Flashes
- Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth
- XRP Price Prediction After Ripple CTO David Schwartz Resigns
- SUI Price Eyes $4.5 as Coinbase Futures Listing Sparks Market Optimism
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
