Theoretical computer scientist and professor at Columbia University Tim Roughgarden appointed to lead Andreessen Horowitz’s new cryptocurrency research unit (a16z).
Roughgarden’s resume includes more than three years as a professor of Â at Columbia University in New York, along with 14 years at Stanford. He is also a research partner of a16z since February last year.
a16z is one of the most active venture capital firms in the crypto space with around $9 billion in funds. Led in part by the company’s new entity announced today, Roughgarden has stated that its research funding for cryptocurrencies will grow “by multiples over the next two years.”.
â€œWe are in a special moment witnessing the blossoming of a new multidisciplinary field (powered by web3) before our eyes. There are tremendous opportunities to shape this field through research and education.”
8/ As a research lab within a VC firm, a16z crypto research represents a new funding model for fundamental research – one that seems obvious in hindsight (with the long-term focus necessary for fundamental research already firmly embedded in the firm). business model).
— Tim Roughgarden (@Tim_Roughgarden) April 21, 2022
8/ As a research lab within a venture capital firm, a16z’s cryptocurrency research represents a new basic research funding model that seems obvious in hindsight (with the long-term focus required for basic research already built into the company’s business model).
The firm highlighted Roughgarden’s background in computer science, research and business, and his cryptocurrency and blockchain course at Columbia as one of the “best and most popular” introductions to the online crypto space. Roughgarden was one of the first to provide a formal analysis of the fee mechanism for Ethereum’s EIP-1559 upgrade.
According to a16z, The research team will form a multidisciplinary laboratory that will work with its wallet companies and others to solve “the big problems in space,” increase user adoption, and advance the science and technology of Web3.
Professor of Computer Science and Electrical Engineering at Stanford University, Dan Boneh will also join Roughgarden as a Senior Research Advisor. Boneh has worked as a portfolio research advisor for a16z for the past four years and also teaches applied cryptography at the Stanford Blockchain Research Center..
Important announcement from us today: We are launching a 16z crypto research to advance the science and technology of the next generation of the internet, led by the peerless @Tim_Roughgarden https://t.co/KtvmP7fSkh
— cdixon.eth (@cdixon) April 21, 2022
Big announcement from us today: We are launching a 16z cryptocurrency research to advance the science and technology areas of the next generation of the internet, led by the incomparable @Tim_Roughgarden https://t.co/KtvmP7fSkh
The law firm took note of this “A new business idea for a Web3 application or protocol tends to uncover new research challenges” that are extremely important to solve in order to solidify the future of blockchain and cryptocurrencies.
These challenges include infrastructure development and scaling, tokenomics that benefit all participants, and methods of building token economies in Web3 applications.like social networks and games.
“With the advent of Ethereum and other blockchains that are fully programmable, web3 has unlocked an extremely rich design space for innovation. It’s a space we’ve only just begun to explore.”
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