Famed US VC agency Andreessen Horowitz plans to open an workplace in London, it introduced on Monday.
The workplace will likely be arrange by the crypto arm of the large funding agency and led by basic associate Sriram Krishnan.
Andreessen Horowitz may even run its subsequent crypto accelerator programme in London in spring 2024, and says it plans to work carefully with UK universities to assist and develop blockchain expertise.
The transfer comes after “months of constructive conversations” with the UK authorities and regulators, Andreessen Horowitz managing associate Chris Dixon stated in a press release. “We’re thrilled to open our first worldwide workplace in a jurisdiction that welcomes blockchain know-how and is dedicated to making a predictable enterprise atmosphere by pursuing laws that each embrace web3 and defend customers.”
It is a huge win for UK prime minister Rishi Sunak, who needs to make the nation a “tech superpower” — and in addition, it now appears, a “Web3 centre”.
In a press release accompanying the information, Sunak stated: “As we embrace the UK’s place as a science and tech superpower, we should embrace new improvements like Web3, powered by blockchain know-how, which is able to allow startups to flourish right here and develop the economic system.
“That success is based on having the proper regulation and guardrails in place to guard customers and foster innovation. Whereas there’s nonetheless work to do, I’m decided to unlock alternatives for this know-how and switch the UK into the world’s Web3 centre.”
Sifted Newsletters
Up Spherical
Each Friday
Dive into VC and meet the folks holding the purse strings.
Be part of to Signal Up
