Venture capital giant Andreessen Horowitz (a16z) is diving deeper into the crypto market with the launch of a new academic lab dedicated to tackling research problems facing the fast-growing digital asset industry.
Dubbed a16z Crypto Research, the new unit will be led by Tim Roughgarden, a prominent academic expert in game theory who has been a professor at both Stanford and Columbia. He joined a16z as a research advisor last year and will now take the title of head of research.
Roughgarden’s goal is to create a university-like effort within the firm akin to Bell Labs or DeepMind, the artificial intelligence research subsidiary of Google’s parent company Alphabet.
“It is clear that web3 is a new scientific breakthrough that brings together ideas from computer sience, finance, economics and the humanities,” noted Ali Yahya, a general partner at Andreessen Horowitz, in an interview with The Block.
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