a16z Crypto opens first Asia office in Seoul

Crypto venture capital firm a16z Crypto has opened its first office in Asia in Seoul and appointed Sung Mo Park as its head, Coindesk reported. Park previously served as the Head of Asia Pacific at the Monad Foundation and has also worked at Polygon Labs. The firm explained that it chose Seoul, citing South Korea's position as the world's second-largest market and its strong pool of developer talent.