Venture capital firm Andreessen Horowitz (a16z) is opening a school specializing in startups aiming to develop cryptocurrency-related projects.

Andreessen Horowitz unveiled its Crypto Startup School in an announcement on Oct. 3, saying that it intends to “encourage more tech entrepreneurs to start crypto projects and help crypto-curious builders navigate the idea maze.”

Referring to the so-termed idea maze, the company addressed the importance of good ideas for startups industry, which are eventually “well developed, multi-year plans that contemplate many possible paths according to how the world changes.”

Commenting on the initiative launch, Chris Dixon, a general partner at Andreessen Horowitz, told The Block that the school will be free of charge, adding:

“We are going to run a startup school for crypto-specific startups and what we’ve learned over the last seven years as best practices in this category.”

Blockchain and crypto in education

In recent months, an array of industry players have rolled out education-related initiatives. Most recently, privacy-centric computing network and app ecosystem Blockstack announced a partnership with skills-based online school Lambda School. Students enrolled in the program can reportedly now learn how to code Blockstack apps and earn monthly revenue through its App Mining Program.

Major global crypto exchange Binance introduced its new developer-focused project, called Binance X. The project will reportedly support developers and their initiatives by assisting in education and collaboration on Binance and connecting them with relevant internal programs that help projects progress at different stages of growth.

In late August, Coinbase shared research in which it used rankings from US News and World Report for its list of the top 50 universities. The analysis showed that 56% of the top 50 universities in the world offer one or more classes on cryptocurrency or blockchain tech.

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