A16z Crypto is opening its first Asia office in Seoul.

A16z Crypto's Seoul Office on the Way

The venture capital fund A16z Crypto has announced that it will open its first office in Asia in the capital of South Korea, Seoul. This new office will be managed by Sungmo Park.

The purpose of the office is to develop partnerships in the region and accelerate community growth. South Korea is a notable market due to its active on-chain community and developer ecosystem. These features influenced A16z Crypto to choose Seoul over other financial centers in Asia.