As the crypto industry grows, venture capital (VC) firms are increasing their efforts to support research in the crypto industry. Andreessen Horowitz, a VC giant, has announced the establishment of its new interdisciplinary lab for A16z crypto research, which will collaborate closely with the firm’s investment portfolio to solve several significant issues in the cryptocurrency and Web3 startup.
This lab will concentrate on leveraging advancements in emerging technologies such as Web 3.0. According to the official news release:
“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.”
Andreessen Horowitz points to recent advancements in decentralised banking (DeFi), open-source technology running on blockchains (DAOs), and social networks that empower artists and producers via NFTs. According to A16z, there is a significant possibility in the space for an industrial lab to combine academic theory with industry practice. The multidisciplinary lab will help transform Web 3.0 and crypto into a formal subject of study, drawing the brightest minds from different disciplines important to the space.
Web 3.0’s Expansion
In the coming decade, the Web 3.0 business is expected to develop significantly. New research from Market Data Centre titled “Global Web 3.0 Blockchain Market Forecast to 2030”, was just released.
The Web 3.0 market has been divided into four regions: North America, Europe, Asia-Pacific, and the Rest of the World (RoW). According to the research, North America will dominate the global Web 3.0 Blockchain market.
Tim Roughgarden will lead the work on a16z crypto research in the present project. Roughgarden focuses on algorithmic game theory and the technological issues that Web 3 presents. He joined the a16z crypto team as a research adviser last year. Furthermore, large expenditures on research and development will result in a quicker rate of progress than anticipated.
