A16z Forms Crypto Research and Coding Unit to Help Web 3 Startups

The new team is staffed with academics aiming to provide deeper insights for the firm’s portfolio companies.

Apr 21, 2022 at 5:00 p.m. UTC
Updated Apr 21, 2022 at 5:19 p.m. UTC

Brandy covers crypto-related venture capital deals for CoinDesk.

Venture capital firm Andreessen Horowitz (a16z) has grown into one of the largest investors in crypto, raking in a then-record $2.2 billion for its third crypto fund last summer.

Now a16z is expanding its industry foothold with a new crypto research team.

“Today, we’re excited to announce the creation of a16z crypto research, a new kind of 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,” a16z partners Ali Yahya and Chris Dixon wrote in an announcement blog post shared in advance with CoinDesk.

The a16z crypto research team will be led by Tim Roughgarden, who has spent 20 years as a researcher and computer science professor at Stanford University and Columbia University. Roughgarden specializes in algorithmic game theory and technical problems posed by Web 3. He joined the a16z crypto team last year as a research adviser.

“The combination of advantages that a16z offers – direct access to the most important technical problems currently faced by Web 3 founders, close collaboration with in-house engineering, regulatory and content teams, and the breadth and depth of Web 3 knowledge at the firm – would simply be impossible to replicate in an academic setting,” Roughgarden told CoinDesk in an email.

The rest of the founding a16z crypto research team is comprised of a group of multidisciplinary academics. Dan Boneh, a professor of computer science and electrical engineering at Stanford specializing in cryptography and computer security, will be promoted to senior research analyst four years after he joined a16z.

With another massive crypto fund reportedly in the works, the research team will also add “production-grade code” to the mix, the blog post said. Development chops are something competitors Jump Crypto and Paradigm are well-versed in.

Last month, Jump Crypto – the Web 3 arm of Jump Trading Group – said developers accounted for 100 of its 140-person staff.

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Brandy covers crypto-related venture capital deals for CoinDesk.

CoinDesk - Unknown

Brandy covers crypto-related venture capital deals for CoinDesk.

Trending

1
CoinDesk - Unknown
How the US Can Establish Itself as a Crypto Leader

Regulators have an opportunity to map out thoughtful, strategic policy on stablecoins and beyond.

Regulators have an opportunity to map out thoughtful, strategic policy on stablecoins and beyond.

CoinDesk - Unknown
2
CoinDesk - Unknown
No, the UK Is Not Going to Make USDC and USDT Legal Tender

For “legalize” read “regulate.”

For “legalize” read “regulate.”

CoinDesk - Unknown
3
CoinDesk - Unknown
Thoughts From Davos

The crypto industry showed up in force at the World Economic Forum’s annual meeting.

The crypto industry showed up in force at the World Economic Forum’s annual meeting.

CoinDesk - Unknown
4
CoinDesk - Unknown
Bitso, primer unicornio cripto de América Latina, despide a 80 empleados

El exchange, que tenía más de 700 empleados antes de los recortes, cuenta con cuatro millones de usuarios en la región.

El exchange, que tenía más de 700 empleados antes de los recortes, cuenta con cuatro millones de usuarios en la región.

CoinDesk - Unknown