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The yield on the two-year U.S. Treasury note fell to a six-month low of 3.6550% and was last at 3.6611%.On April 4, local time on April 3, U.S. Secretary of Health and Human Services Robert Kennedy Jr. said that about 20% of the layoffs in the Department of Government Efficiency were wrong and needed to be corrected. The U.S. Department of Health and Human Services laid off about 10,000 people on the 1st. Kennedy said that people who should not have been laid off were laid off, and the department is restoring their positions. Kennedy said that canceling the entire lead poisoning prevention and monitoring department of the Centers for Disease Control and Prevention was one of the mistakes. At present, it is unclear what other projects Kennedy may plan to restore.Bank of Japan Governor Kazuo Ueda: Will consider the impact of food costs on consumers.On April 4, local time on the 3rd, the automobile company Stellantis said that due to the impact of the US import automobile tariff policy, the company decided to lay off 900 employees in its five US factories and suspend production operations at two assembly plants in Canada and Mexico. Antonio Filosa, Chief Operating Officer of Stellantis Americas, said that the US factories that were laid off were powertrain and stamping parts factories, which produced spare parts for two assembly plants in Canada and Mexico. According to the plan, the assembly plant in Canada will stop production for two weeks, and the assembly plant in Toluca, Mexico will suspend production throughout April. Filosa said the company is "continuing to evaluate the medium- and long-term impact of tariffs on operations."Bank of Japan Governor Kazuo Ueda: Non-weather factors may push up food prices.

a16z Kicks Off Crypto Research Lab Led by Columbia, Stanford Professors

Skylar Shaw

Apr 25, 2022 09:45


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Andreessen Horowitz is establishing a crypto research center.


Professors from Columbia and Stanford will lead the team in tackling the most difficult web3 issues.


To address critical challenges in the crypto industry, the lab will collaborate closely with its portfolio firms.


After intensifying its drive into the metaverse, Andreessen Horowitz now seeks to address "some of the biggest challenges in web3."

a16z Establishes a Crypto Research Unit

With the formation of a new crypto research team, venture capital firm a16z revealed on Thursday that it is digging deep into the crypto industry.


The team, known as a16z Crypto Research, would bring together experts from major US colleges to address concerns and hazards in the web3 and crypto domain. Tim Roughgarden, a professor at Columbia and Stanford who has published extensively on Web3, will lead the team.


The research facility is designed after AI-powered OpenAI and Alphabet's DeepMind, according to the VC.


"We're thrilled to announce the formation of a16z crypto research, a new type of multidisciplinary lab that will collaborate closely with our portfolio and others to solve important problems in the space and advance the science and technology of the next generation of the internet," says the company.

What Is The Significance of Web3?

Andreessen Horowitz has just recently began to investigate web3, or a "extraordinarily rich design environment for innovation," as it defines it.


New entrepreneurial applications in the web3 arena have unearthed new academic issues and concerns, such as how to arrange token incentives in protocols and how to scale and adapt the computing infrastructure.


The crypto-focused academic section wants to solve such issues by creating new tools to assist its portfolio firms in growing their businesses, for example.


Harvard's Scott Duke Kominers, Meta's Valeria Nikolaenko, novelist Joseph Bonneau, and scholar Benedikt Bünz have all joined the founding board.


A comparable method has been developed by the investment company Paradigm. For example, the creator of the cartoon series Rick and Morty collaborated with Paradigm on a novel NFT sales mechanism.


"So many people in this space claim to have research," says Ali Yahya, general partner at a16z, "but I think a big difference here is that this is 'capital R' research, and it connects basically world-class talent at the scientific academic level, with world-class talent at the engineering level, with the best and most interesting problems in the space through the portfolio."

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