Columbia Uni professor heads up a16z’s new crypto research unit


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Columbia Uni professor heads up a16z's new crypto research unit

Theoretical laptop scientist and Columbia College professor Tim Roughgarden has been appointed the top of Andreessen Horowitz’s (a16z) new crypto analysis unit.

Roughgarden’s resume contains greater than three years as a professor of laptop science at Columbia College in New York, together with a 14-year stint at Stanford. He has additionally served as a analysis associate at a16z since February final 12 months.

a16z is likely one of the most active venture capital firms in crypto, with its funds reportedly worth around $9 billion. Partly guided by the agency’s new unit which was introduced earlier right now, Roughgarden has acknowledged that its funding into crypto analysis will develop by “many multiples of the following couple of years.”

“We’re presently in a specific second in time, witnessing a brand new multidisciplinary subject (spurred by web3) blossom earlier than our eyes. There are monumental alternatives to form this subject by analysis and training.”

The agency highlighted Roughgarden’s expertise in laptop science, analysis and economics, alongside together with his crypto and blockchain course at Columbia as one of many “greatest and hottest” introductions to crypto on-line. Roughgarden was one of many first to offer a proper evaluation on the payment mechanism for Ethereum’s EIP-1559 improve.

In line with a16z, the analysis staff will form a multidisciplinary lab that may work with the businesses in its portfolio and others to resolve “the essential issues within the area,” improve person adoption and advance Web3 science and expertise.

Stanford College professor of laptop science and electrical engineering Dan Boneh may also be becoming a member of Roughgarden because the senior analysis advisor. Boneh has labored with a16z for the previous 4 years as a portfolio analysis advisor and likewise teaches utilized cryptography on the Stanford Heart for Blockchain Analysis.

The agency famous that “new entrepreneurial concept for a Web3 utility or protocol tends to uncover contemporary analysis challenges” which are extraordinarily essential to resolve with a view to solidify the way forward for blockchain and crypto.

Such challenges embrace the scaling and improvement of infrastructure, tokenomics that benefit all participants, and strategies to construct token economies in Web3 functions reminiscent of social media and gaming.

“With the appearance of Ethereum and different blockchains which are totally programmable, web3 has unlocked an especially wealthy design area for innovation. It’s an area that we’ve solely simply begun to discover.”

Associated: a16z’s Chris Dixon tops ‘Midas List’ by turning $350M into $6B in 2021