The venture capital firm – Andreessen Horowitz – announced it will form a cryptocurrency research unit encompassing various talents from the space. The team’s main goal will be to solve important problems related to the emerging Web3 ecosystem.
a16z’s Next Endeavor
The leading VC firm – Andreessen Horowitz (known as “a16z”) – has been active on the digital asset scene for years now. In a recent blog post, it disclosed a new project in the field – a crypto research team that aims to fix arising issues in the Web3 universe:
“Today, we’re excited to announce the creation of a16z crypto research, a new kind of the multidisciplinary lab that will work closely with our portfolio and others toward solving the important problems in the space and toward advancing the science and technology of the next generation of the Internet.”
The company is a firm believer in Web3, claiming it “has unlocked an extremely rich design space for innovation.” Moreover, Web3 applicatio
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