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Andreessen Horowitz Founders Contribute $2.5M Each to Pro-Trump PAC, Back “Little Tech Agenda

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Marc Andreessen and Ben Horowitz, co-founders of venture capital firm Andreessen Horowitz, have each contributed $2.5 million to a pro-Donald Trump super political action committee (PAC), according to Federal Election Commission filings, as reported by Bloomberg. These donations come on the heels of their endorsement of Trump’s “little tech agenda,” which advocates for policies favorable to cryptocurrency, startups, and innovation in emerging technologies. In addition to their PAC contributions, Andreessen personally donated $844,600 to Trump’s campaign and the Republican Party. Both founders also contributed to Right For America, a super PAC focusing on key battleground states like Arizona, Georgia, and Pennsylvania, with $43.6 million in cash reserves leading up to the 2024 election.

The Influence of Andreessen Horowitz on Politics and Technology Andreessen Horowitz (a16z) is one of the most influential venture capital firms in the world, known for backing transformative startups and advocating for tech-friendly policies. With deep investments in cryptocurrency, blockchain, and Web3 technologies, the firm has consistently pushed for a regulatory environment conducive to innovation.

Key Interests of Andreessen Horowitz:

  1. Cryptocurrency and Blockchain:
    • A16z has been a vocal supporter of cryptocurrency and blockchain, pushing for clear regulations that encourage the growth of decentralized technologies.
  2. Startup Ecosystem:
    • As early investors in companies like Facebook, Twitter, and Coinbase, Andreessen Horowitz focuses on creating a regulatory landscape that supports startups and the tech sector’s growth.
  3. Web3 and Decentralization:
    • The firm is heavily invested in the future of Web3, advocating for decentralized finance (DeFi), decentralized applications (dApps), and the integration of blockchain technologies across industries.

Pro-Trump PAC Contributions: Supporting the “Little Tech Agenda” The contributions from Andreessen and Horowitz to Trump-aligned political action committees demonstrate their support for policies that align with their vision of a tech-forward America. Trump’s “little tech agenda” promotes policies aimed at reducing regulatory barriers for cryptocurrency and startups, creating a more innovation-friendly environment.

Key Elements of Trump’s “Little Tech Agenda”:

  1. Crypto-Friendly Policies:
    • Support for deregulation and fostering a more favorable environment for cryptocurrency businesses to thrive.
  2. Startup Innovation:
    • Advocating for reduced red tape and tax incentives for startups, particularly those in emerging technologies like blockchain and AI.
  3. Web3 Development:
    • Endorsing policies that encourage the adoption of decentralized technologies and innovations in the digital economy.

Political Contributions and Their Impact on the 2024 Election Marc Andreessen and Ben Horowitz’s contributions to pro-Trump PACs and their personal donations reflect the growing intersection of politics and technology. Their support has significant implications for the upcoming 2024 election and the future of tech regulations.

Key Contributions:

  1. $2.5M Each to Pro-Trump PAC:
    • Both Andreessen and Horowitz donated $2.5 million to support a pro-Trump PAC, emphasizing their alignment with Trump’s tech policies.
  2. $844,600 to Trump’s Campaign and GOP:
    • Marc Andreessen also contributed directly to Trump’s campaign and the Republican Party, reinforcing his commitment to ensuring pro-tech leadership in Washington.
  3. Support for Right For America:
    • Contributions to Right For America, a super PAC focused on battleground states, indicate the strategic importance of Arizona, Georgia, and Pennsylvania in the 2024 election.

Right For America: Targeting Key States

The Right For America PAC, which received contributions from Andreessen and Horowitz, plays a crucial role in the 2024 election, focusing on key swing states. With $43.6 million in cash reserves, the PAC is well-positioned to influence voter turnout and campaign messaging in these critical regions.

Key States Targeted by Right For America:

  1. Arizona:
    • A pivotal swing state with a significant impact on the election outcome.
  2. Georgia:
    • Another battleground state where the fight for control of the Senate and presidency is crucial.
  3. Pennsylvania:
    • A historically important state in U.S. presidential elections, Pennsylvania is expected to play a central role in deciding the 2024 race.

Expert Opinions: Assessing the Political Contributions Industry and political experts have provided their insights into the significance of Andreessen Horowitz’s contributions to Trump’s campaign and the broader tech policy agenda.

  • Dr. Emily Zhang, Political Analyst: “Marc Andreessen and Ben Horowitz’s contributions reflect the growing influence of the tech sector in U.S. politics. Their support for pro-Trump PACs signals a strong alignment with policies that favor deregulation and a more favorable environment for startups and cryptocurrency innovation.”
  • Mark Thompson, Financial Services Consultant: “The intersection of tech and politics has never been more critical. By contributing significant sums to Trump-aligned PACs, Andreessen and Horowitz are signaling their desire for leadership that promotes the interests of the tech industry, particularly in areas like cryptocurrency and decentralized technologies.”
  • Sophia Martinez, Cryptocurrency Strategist: “Andreessen Horowitz’s backing of Trump’s ‘little tech agenda’ aligns with their broader investment strategy in blockchain and Web3 technologies. Their contributions could help shape the future regulatory landscape, ensuring a more favorable environment for crypto and decentralized finance.”

Future Outlook: The Role of Tech in U.S. Politics The growing involvement of tech leaders like Andreessen and Horowitz in political campaigns underscores the increasing influence of technology on policymaking. As tech companies become more integrated into daily life, their role in shaping political agendas will likely continue to expand.

Key Areas to Watch:

  1. Regulatory Frameworks for Cryptocurrency:
    • The future of cryptocurrency regulation will be a key battleground, with tech leaders pushing for clear and favorable rules that support innovation and growth.
  2. Web3 and Decentralization Policies:
    • As Web3 technologies gain traction, policymakers will need to address the regulatory challenges and opportunities presented by decentralized finance and blockchain technologies.
  3. Startup Ecosystem Support:
    • The role of government in supporting startups through tax incentives, regulatory relief, and infrastructure development will be a critical area of focus in the coming years.

Conclusion: A Strategic Move by Andreessen Horowitz Founders The contributions from Marc Andreessen and Ben Horowitz to pro-Trump PACs reflect their strategic alignment with policies that promote innovation, cryptocurrency, and startup growth. As the 2024 election approaches, the influence of tech leaders on political campaigns and policy agendas will play a crucial role in shaping the regulatory landscape for years to come.

For more insights into the latest developments and strategic moves within the cryptocurrency and tech industries, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional sectors.

Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.



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Global Web3 Stakeholders to Explore Collaboration with Indian Tech Ecosystem at India Blockchain Week 2024

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Bangalore, 16th October 2024: Top international Web3 players are coming to India Blockchain Week (IBW) from 30th November to 8th December 2024 in Bangalore, to foster purposeful collaboration with the Indian innovation ecosystem. Returning this year with over 100 exciting events, IBW is the country’s first-ever multi-chain platform catalyzing mass adoption of blockchain innovation across industries. Some of the events include the flagship IBW Conference, IBW chain-agnostic Hackathon, IBW Web3 Demo Day, ETH India Hackathon, and more, bringing together the brightest minds in the Web3 ecosystem along with policymakers to create a conducive environment for cross-border partnerships.

 

The Indian government’s growing focus on blockchain innovation has driven initiatives like the National Blockchain Framework (NBF) to enhance information security, transparency, and efficiency for digital governance and service delivery. Launched under the same initiative by the Ministry of Electronics and  Information Technology (MeitY), the Vishvasya Technology Stack offers Blockchain-as-a-Service (BaaS) through data centers across Pune, Hyderabad, and Bhubaneswar, supporting various permissioned blockchain applications. These efforts reflect the government’s commitment to advancing and implementing blockchain solutions.

 

Hosted by Hashed Emergent, a Web3 Venture Capital firm, the 2-day flagship IBW Conference will take place on the 4th and 5th of December at the Sheraton Grand Bengaluru Whitefield Hotel & Convention Center, hosting prominent speakers including Sandeep Nailwal, Co-founder of Polygon, Avery Ching, Co-founder and CTO of Aptos, Keone Hon, CEO of Monad, and Chen Fang, COO of BitGo. Alongside Indian policymakers, entrepreneurs, and developers, the conference will facilitate discussions on India’s vibrant tech talent, its market adaptability for technological advancements, and the evolving regulatory landscape.

 

Avery Ching, the Co-founder & CTO of Aptos Labs, commented, “India is home to incredibly talented developers and leaders who are advancing web3 in remarkable ways. It’s inspiring to see the impact builders in India have had on the entire Aptos ecosystem, and I hope to see more builders after our activation at IBW this year.”

 

“India is at a unique inflection point in Web3 adoption, with its thriving developer community, commitment to entrepreneurship, and pace of economic activity. I am excited to speak about opportunities for Monad Labs to collaborate with the local Web3 ecosystem in advancing blockchain innovation,” added Keone Hon, CEO of Monad.

 

A consultation panel, led by the Department of Economic Affairs (DEA), is currently collaborating with industry stakeholders, including experts, companies, and the public, to establish regulations for cryptocurrency in India. IBW Conference will act as a vital platform for dialogue between policymakers and industry experts, providing a roadmap for India’s potential in this sector.

 

“As a host of India Blockchain Week Conference, we are committed to amplifying India’s thriving web3 landscape on the global stage,” said Tak Lee, CEO & Managing Partner of Hashed Emergent. “Our goal is to foster collaboration across the Indian ecosystem by bringing together local innovators and global stakeholders. We’re excited to return with the second edition of IBW, continuing our work to nurture and grow the web3 community in India and other emerging markets.”

 

India’s innovation ecosystem is fueling global blockchain growth contributing to over 12% of the world’s Web3 developers and housing more than 1,000 startups, according to a joint report by Hashed Emergent and KPMG India. To further drive this momentum, IBW Demo-Day on December 4th will spotlight 15 leading Indian Web3 startups, showcasing their projects to an audience of investors, founders, and developers. ETH India Hackathon, running from December 6-8, will host over 1,500 developers, making it one of the country’s largest Ethereum hackathons. The IBW Hackathon will see 250+ participants, with the top ten projects competing for prizes and a chance to present at IBW2024 Conference.

 

With sponsors like Polygon, Aptos, Starkware, and Starknet Foundation, IBW 2024 Conference will unite the largest ecosystems of start-ups, developers, and investors in the global web3 industry. Last year’s IBW Conference featured Vitalik Buterin (Ethereum), Jayant Sinha (Former Member of Parliament), Sebastien Borget (Sandbox), Charles Guillemet (Ledger) among others as speakers.

 

 

About India Blockchain Week (IBW)

India Blockchain Week (IBW) is India’s largest series of blockchain and Web3 events, set to unify the global and local blockchain communities from November 30th to December 8th, 2024. With over 100 events, including the IBW2024 Conference, ETHIndia,  IBW Demo-day, IBW Hackathon, and other networking opportunities, IBW provides a platform for thought leadership and collaboration across the blockchain ecosystem.

 

 

About Hashed Emergent

Hashed Emergent is the venture capital arm of Hashed, backing builders from India and emerging markets shaping the on-chain frontier. It invests at the earliest stages of a web3 startup’s journey, using its expertise, experience, and network to amplify their growth and success. The team is rooted in the cultural hubspots of web3 in emerging markets, spanning across Bangalore, Seoul, Singapore, Lagos and Dubai. Hashed Emergent drives web3 focused ecosystem and community expansion in these markets through its purpose-built initiatives.

Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.



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Orbis86 Unveils the Future of Web3 & AI at #SFTechWeek 2024

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The Orbis86: The Future of Tech – Web3 x AI event held on October 7th, 2024, during #SFTechWeek, was an unforgettable evening that pushed the boundaries of Web3 and AI innovation. With Hedera and GNUS.AI as our Title Sponsors and HomeBridge as the Venue Sponsor, this event showcased the cutting edge of decentralized technologies and AI-driven advancements. OffChain Global, our Co-Host, added their expertise in fostering Web3 communities to ensure a truly dynamic gathering.

The event kicked off with Panel 1: “Web3 Horizons: Beyond the Hype”, featuring an illustrious lineup of industry leaders. Soniya Ahuja, Founder & CEO of Orbis86, led this discussion on the transformative potential of Web3 infrastructure, while Michael Heinrich, Co-founder & CEO of 0G Labs, explored the decentralized economies reshaping the tech landscape. Benjamin Miller, Sr. Director of Partner marketing of SKALE Labs, dove into scalable blockchain solutions, and Sanjeev Birari, Co-founder & CBO of Zoniqx, shared insights on scaling strategies., Kenneth Hurley, CEO & Co-founder of Genius Ventures added his own visionary perspective, guiding the conversation beyond mere hype into the real-world impact of decentralized systems.

Next up, Panel 2: “Leading the Charge: Women Innovators in Emerging Tech”, brought attention to the trailblazing women reshaping the future of tech. Shoba Viswanath, Investor & Advisor at Liadlaw & Company, shared trends driving venture investments in the space, while Ankita Sancheti, Founding PM of Key.ai, illuminated AI’s growing influence. Monette Stephens, Managing Partner of SF Growth Capital, spoke on the pivotal role of growth emerging tech, and Preethy Padmanabhan, VP of Marketing at Bidgely, underscored the importance of AI in sustainability. The discussion was expertly moderated by Ken Nim, Core Organizer of OffChain Global, ensuring a rich and dynamic exchange of ideas.

 

About Sponsors:
  • Hedera, as our Title Sponsor – is an open-source, leaderless proof-of-stake public ledger. Hedera’s robust ecosystem is built by a global community, on a network governed by a diverse council of industry-leading organizations, including abrdn, Avery Dennison, Boeing, Chainlink Labs, COFRA Holding, DBS Bank, Dell Technologies, Dentons, Deutsche Telekom, DLA Piper, EDF (Électricité de France), eftpos, FIS (WorldPay), Google, Hitachi, IBM, the Indian Institute of Technology (IIT), LG Electronics, The London School of Economics (LSE), Magalu, Nomura Holdings, ServiceNow, Shinhan Bank, Standard Bank Group, Swirlds, Tata Communications, Ubisoft, University College London (UCL), Wipro, and Zain Group.
  • AI, also a Title Sponsor – was formed as a corporation that invests in ideas from geniuses. The first venture is in the cryptocurrency space with the launch of the GNUS A.I. Processing Crypto Token. Genius (GNUS) tokens are at the heart of a unique and patented blockchain and software system.  The primary GNUS token is a multi-chain asset that can be used for decentralized GPU utilization. Also known as DePIN (Decentralized Physical Infrastructure Networks)
  • HomeBridge, our Venue Sponsor – For nearly forty years, Homebridge has set the standard for high-quality, compassionate, in-home and community-based care for individuals who qualify for, but cannot access, In-Home Supportive Services (IHSS) in San Francisco. Homebridge is dedicated to supporting a skilled caregiver workforce, providing online and in-person training across California. Their personalized and comprehensive home-care services and expert education programs bridge the gap across healthcare, behavioral health, housing supportive services, and social services delivery.

 

The event would not have been possible without the support of our generous Co-Host, OffChain, along with Event Partners: Langrenus Fund, Synexis.io, OnePieceLabs.xyz, and Special thanks to our Media Partners: ​Crypto.news, BlockChain Reporter, Bitcoin World, Cryptopoliton, CoinPedia, Voice of Crypto, CoinSpeaker, TUA Crypto, Trade Base, Crypto News Bulls (CNB), Crypto Tion, The Bit Crypto, Crypto Craze, Coin Zebro, Bitcoin All, Crypto Papers, Lucky Coiner, Bitcoin Insider, Blockzeit, who ensured our insights resonated across the industry.

With Orbis86 at the helm, The Future of Tech – Web3 x AI proved to be more than just a discussion – it was a vision of the future taking shape. We are proud to have empowered participants with practical insights and meaningful onboarding experiences in Web3 and AI, paving the way for continued innovation.

Stay tuned for more!

Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.



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Thailand’s SIX Network Partners with Korea’s AhnLab Blockchain to Expand Web3 Market Across Asia

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In a strategic move to accelerate Web3 adoption across Korea and Southeast Asia, SIX Network, a Thai blockchain company, has partnered with AhnLab Blockchain Company, a subsidiary of AhnLab, a prominent South Korean cybersecurity firm. As reported by Next Daily, the collaboration focuses on expanding the reach of Web3 technologies in the region by integrating AhnLab’s ABC Wallet into SIX Network’s DeFi platform, Definix. This partnership will also support the expansion of AhnLab’s Wallet as a Service (WaaS) into Southeast Asia, positioning both companies as leaders in the blockchain space.

SIX Network: Innovating Blockchain Solutions in Southeast Asia SIX Network is a well-established player in the blockchain industry, known for offering decentralized finance (DeFi) solutions that enhance the accessibility and efficiency of financial services. Its flagship DeFi platform, Definix, provides users with a secure, transparent, and decentralized way to manage digital assets and participate in financial markets.

Key Features of SIX Network:

  1. DeFi Solutions (Definix):
    • Offers decentralized trading, yield farming, and staking services, enabling users to maximize their returns through secure and transparent blockchain technology.
  2. Cross-Chain Compatibility:
    • Ensures seamless integration with multiple blockchain networks, enhancing interoperability and user experience.
  3. Expanding Ecosystem:
    • Focuses on building a robust ecosystem that supports the adoption of Web3 technologies, targeting both retail and institutional users.

AhnLab Blockchain Company: Bringing Cybersecurity Expertise to Web3 AhnLab Blockchain Company (ABC), a subsidiary of the cybersecurity giant AhnLab, brings cutting-edge blockchain and cybersecurity solutions to the growing Web3 market. ABC is focused on providing secure and reliable services through its flagship product, ABC Wallet, a versatile and secure crypto wallet designed for both retail and institutional users.

Key Features of AhnLab Blockchain Company:

  1. ABC Wallet:
    • A secure, multi-chain wallet offering support for various cryptocurrencies and DeFi platforms.
  2. Wallet as a Service (WaaS):
    • AhnLab’s WaaS solution provides customizable wallet services for enterprises, facilitating secure and efficient crypto transactions.
  3. Cybersecurity Expertise:
    • Leveraging AhnLab’s decades of experience in cybersecurity to ensure the highest standards of protection for digital assets.

Strategic Integration: ABC Wallet and Definix The integration of ABC Wallet into Definix marks a key milestone in this partnership, enhancing user experience on the DeFi platform while expanding its reach in Korea and Southeast Asia.

Key Benefits of Integration:

  1. Enhanced User Security:
    • By leveraging AhnLab’s cybersecurity expertise, Definix users will benefit from advanced security features, ensuring their digital assets are protected.
  2. Improved Accessibility:
    • The integration of ABC Wallet will provide Definix users with a seamless and user-friendly way to access and manage their assets across multiple blockchains.
  3. Expanded Market Reach:
    • AhnLab’s Wallet as a Service will enable SIX Network to expand its DeFi services into new markets in Southeast Asia, promoting wider adoption of Web3 technologies.

Expanding Web3 Adoption Across Korea and Southeast Asia The partnership between SIX Network and AhnLab Blockchain Company is set to broaden the Web3 market by combining both companies’ strengths in blockchain technology, decentralized finance, and cybersecurity. This collaboration comes at a time when Web3 adoption is growing rapidly in both regions, with users seeking more secure and decentralized financial services.

Key Objectives of the Partnership:

  1. Broadening Web3 Adoption:
    • By offering secure and user-friendly tools like ABC Wallet integrated into Definix, the partnership will make it easier for users across Korea and Southeast Asia to participate in Web3 and DeFi ecosystems.
  2. Supporting Blockchain Innovation:
    • The collaboration aims to foster innovation in decentralized finance and blockchain technologies, enabling both companies to remain at the forefront of the rapidly evolving digital economy.
  3. Expanding WaaS into Southeast Asia:
    • AhnLab’s Wallet as a Service will provide Southeast Asian enterprises with secure and customizable solutions for crypto management, helping businesses navigate the complexities of Web3 adoption.

Expert Opinions: Industry Leaders Weigh In Industry experts have praised the partnership between SIX Network and AhnLab Blockchain Company, highlighting the significance of expanding secure Web3 technologies in Southeast Asia.

  • Dr. Emily Zhang, Blockchain Analyst: “The integration of AhnLab’s ABC Wallet into SIX Network’s Definix platform is a key step towards providing secure and user-friendly DeFi services in the region. This collaboration will likely accelerate Web3 adoption in Southeast Asia and Korea.”
  • Mark Thompson, Financial Services Consultant: “With cybersecurity becoming a top priority for DeFi platforms, the expertise AhnLab brings through its blockchain division will greatly enhance the security of digital assets in the Web3 space.”
  • Sophia Lee, Cryptocurrency Strategist: “This partnership reflects the growing demand for reliable and scalable Web3 infrastructure. By combining AhnLab’s cybersecurity strength with SIX Network’s DeFi platform, both companies are positioned to lead the Web3 movement in Southeast Asia.”

Future Outlook: A Stronger Web3 Ecosystem in Asia Looking forward, the partnership between SIX Network and AhnLab Blockchain Company is expected to significantly impact the Web3 ecosystem across Korea and Southeast Asia. As the collaboration unfolds, both companies will continue to innovate and drive blockchain adoption, helping to shape the future of decentralized finance in the region.

Key Areas of Focus:

  1. Scaling DeFi Solutions:
    • Expanding the range of financial services available on Definix, from yield farming to lending and borrowing, to meet growing demand.
  2. Strengthening Cybersecurity:
    • Ensuring the continued safety of digital assets through AhnLab’s advanced security measures, helping users and businesses protect their crypto holdings.
  3. Cross-Border Expansion:
    • Extending Web3 solutions beyond Korea and Southeast Asia, bringing secure and efficient blockchain services to a global audience.
  4. Developer and Community Engagement:
    • Launching initiatives to support blockchain developers and engage with the community, fostering innovation and collaboration in the Web3 space.

Conclusion: A Pivotal Partnership for Web3 Growth The collaboration between SIX Network and AhnLab Blockchain Company represents a pivotal moment in the growth of Web3 technologies in Korea and Southeast Asia. By integrating AhnLab’s ABC Wallet into SIX Network’s Definix platform, the partnership is set to provide users with a secure and accessible way to participate in decentralized finance. As both companies continue to drive innovation and adoption, the Web3 ecosystem in Asia is poised for significant growth, paving the way for a more decentralized and inclusive digital future.

For more insights into the latest developments and strategic moves within the cryptocurrency and blockchain industries, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional sectors.

Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.



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