2 years ago
Brandy covers crypto-related task superior deals for CoinDesk.
Venture superior steadfast Andreessen Horowitz (a16z) has grown into 1 of the largest investors successful crypto, raking successful a then-record $2.2 billion for its 3rd crypto money past summer.
Now a16z is expanding its manufacture foothold with the motorboat of a crypto probe team.
“Today, we’re excited to denote the instauration of a16z crypto research, a caller benignant of multidisciplinary laboratory that volition enactment intimately with our portfolio and others toward solving the important problems successful the space, and toward advancing the subject and exertion of the adjacent procreation of the internet,” wrote A16z partners Ali Yahya and Chris Dixon successful an announcement blog station shared successful beforehand with CoinDesk.
The a16z crypto probe squad volition beryllium led by Tim Roughgarden, who has spent 20 years arsenic a researcher and machine subject prof astatine Stanford University and Columbia University. Roughgarden specializes successful algorithmic crippled mentation and method problems posed by Web 3. He had joined the a16z crypto squad past twelvemonth arsenic a probe advisor.
“The operation of advantages that a16z offers – nonstop entree to the astir important method problems presently faced by web 3 founders, adjacent collaboration with in-house engineering, regulatory, and contented teams, and the breadth and extent of web 3 cognition astatine the steadfast – would simply beryllium intolerable to replicate successful an world setting,” Roughgarden told CoinDesk successful an email.
The remainder of the founding a16z crypto probe squad is comprised of a radical of multidisciplinary academics. Dan Boneh, a prof of machine subject and electrical engineering astatine Stanford specializing successful cryptography and machine security, volition beryllium promoted to “Senior Research Analyst” 4 years aft archetypal joining a16z.
With different monolithic crypto money reportedly successful the works, the probe squad volition besides adhd “production-grade code” to the mix, the blog station said. Development chops are thing competitors Jump Crypto and Paradigm are well-versed in.
Last month, Jump Crypto – the Web 3 limb of Jump Trading Group – said developers accounted for 100 of its 140-person staff.
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Brandy covers crypto-related task superior deals for CoinDesk.
Brandy covers crypto-related task superior deals for CoinDesk.
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