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Interest in blockchain technology and cryptocurrencies is now spreading like wildfire in multiple territories as governments and businesses are launching blockchain and digital currency projects left and right. In an attempt to accelerate the innovation’s proliferation, venture capital firm Andreessen Horowitz (a16z) will be providing a free, seven-week crypto program that aims to educate people who may be looking to launch their own crypto startup.
The firm announced on Friday that the program will kick off in February 2020, with the lectures conducted at the company’s headquarters in Menlo Park, California. Again, it will be completely free and the lectures will be given by crypto experts operating in the entrepreneurial and technological sectors.
A16z also maintains that they will not be taking equity from the participants’ startup as this initiative is geared towards fostering the growth of the blockchain ecosystem and attracting talented individuals. The firm also aims to address the most common problems that startups run into, which mainly stems from the lack of understanding about the tech’s capabilities and the top practices to push it into the mainstream market, the announcement read.
A16z building trust with talented individuals
“We’ve been involved in crypto/blockchains for almost seven years now, and as a team, have had the opportunity to learn from world-class entrepreneurs and technologists on topics like product and technology design, organization development, go-to-market strategy, and legal/regulatory best practices. We think that sharing the most important lessons we’ve learned could accelerate the development of existing projects, and inspire more talented people to join the space,” the company said.
The only thing that the company wants from this initiative is that they’re hoping to be the first choice of crypto startups when they’re looking for someone to partner with. So by creating a solid foundation with talented individuals who may have some interesting ideas about blockchain application, a16z is positioning itself as a go-to entity that these startups can trust, CNBC reported.
A16z’s initiative will greatly benefit the crypto industry
One of the main topics of the lectures will be centered on is crypto regulation as legislators are currently scrutinizing the nascent innovation to create the best regulatory framework to foster growth and prevent illicit activities. A16z’s initiative will also be beneficial for the crypto industry in the long run as the need for experts in this field has been rising. Schools and universities are already hard at work in creating crypto experts and the firm’s project will be expediting this process as well.
