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.
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