In line with Prime Minister Rishi Sunak's ambition to transform the United Kingdom into a "global cryptoasset and technology hub," the United Kingdom is now actively attracting Web3 businesses to its market.

Andreessen Horowitz (a16z), a venture capital firm based in Silicon Valley, opened its London office, the first outside the United States, on Nov. 2.

“We have been heartened by what we've seen from the government and what we've heard from various other policymakers, and various other institutions out here about wanting the U.K. to be a technology startup hub and more particularly a hub for Web3 innovation,” said Sriram Krishnan, partner at a16z, during an interview for Word on the Block.

A16z is known for its notable investments in various crypto startups and blockchain companies. It has launched numerous dedicated cryptocurrency investment funds, amounting to billions of dollars. The firm has made investments in several key players, such as the largest U.S.-based crypto exchange Coinbase.

In an exclusive interview with Forkast’s Editor-in-Chief Angie Lau, Krishnan discusses the growing crypto ecosystem in the U.K., the excitement behind decentralized social media platforms, and the rising synergy between artificial intelligence and blockchain.
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