A16z crypto sets up Asia hub in Seoul
A16z crypto, a venture fund of Silicon Valley giant Andreessen Horowitz that invests in cryptocurrency startups, has announced its intention to expand its reach in Asia with a new office in Seoul. Following the completion of this office, the venture capital fund mentioned that it will hire Sungmo Park to lead operations there.
This move prompted reports to reach out to A16z crypto for comment on the topic of discussion. When asked why it has chosen to expand its presence in Asia, particularly Seoul, the Andreessen Horowitz unit shared a blog post noting that South Korea has secured the top position as the second-largest crypto market worldwide.
A16z crypto also unveiled that the new office seeks to partner with founders by…
