Fun

News Feed - 2023-09-19 04:09:55

Tristan Greene4 hours agoBlockchain Capital closes funds totaling $580M for investments in crypto gaming, DeFiThe funds include $380 million for early stage investments and a $200 million "opportunity fund."985 Total views6 Total sharesListen to article 0:00NewsJoin us on social networksVenture capital group Blockchain Capital announced the closing of two new funds, totaling $580 million, for investment in infrastructure, gaming, DeFi, and consumer and social technologies.


The funds will operate as Blockchain Capital’s sixth early stage fund and its first “opportunity fund,” with the latter serving as an inroad to companies who’ve already secured major funding elsewhere.We"re thrilled to share the closing of 2 new funds – our 6th early stage fund and 1st opportunity fund.

Together, they total $580 million and serve to reinforce our commitment to leading the global transition to decentralized, blockchain-based systems. ↓https://t.co/Vr2uYnGlF7— Blockchain Capital (@blockchaincap) September 18, 2023


According to a press release from Blockchain Capital:“The end game is to elevate personal empowerment by granting individuals control over their digital and financial lives through innovative blockchain-enabled applications and services. It’s this vision of a democratized and distributed future that guides our passion and investment decisions.”


The funds’ combined $580 million will be split, with $380 million reportedly going to the early stage fund and the rest earmarked for the opportunity fund. It’s unclear at this time exactly what types of projects the investment fund will prioritize.


According to the press release, the company will continue its trend of investing in infrastructure, DeFi, gaming, and other finance, blockchain and cryptocurrency opportunities.


However, the press release also mentions that Blockchain Capital’s strategy “isn’t about sectors; it’s about harnessing blockchain technology to realign incentives, reestablish user trust and reengineer the social contract of our increasingly digital world.”


Related:Crypto companies form Texas blockchain group to advocate for clear regulations


“Indeed, the crypto market’s volatility these past 20 months revealed the hazards of short-term thinking, exposing many who misjudged this nascent technology,” writes Blockchain Capital in the release, adding later that “over the past 20 months we’ve invested more capital into the next generation of innovators than any other time in our history.”


The latest funds closed are among the largest in cryptocurrency or blockchain history and the most ever accrued by Blockchain Capital. However, this shouldn’t be interpreted as a signal that the firm intends to continually increase fund sizes.


Speaking to TechCrunch, one of the firm’s partners, Spencer Bogart, said that the firm had “no intent to expand and become an AI fund or hedge fund and trade tokens,” adding that he didn’t see future funds “becoming much larger than what you see here.”# Cryptocurrencies# Business# Funding# Venture Capital# Blockchain Capital# DeFiAdd reactionAdd reactionRead moreWho invented NFTs?: A brief history of nonfungible tokensDecentralized finance needs alternatives to blockchainSEC embroiled in court cases; Hester Peirce says crypto firms shouldn’t give up on US

News Feed

Trump crypto venture WLFI a ‘potential pump-and-dump disaster’ 
Daniel Ramirez-Escudero10 hours agoTrump crypto venture WLFI a ‘potential pump-and-dump disaster’ The launch of the Trump family’s World Liberty Financial crypto project during election season carries risks, possi
Liquid Craft to Launch 1500 Liquor Backed NFTs on ETH and BSC 23rd Nov
Liquid Craft to Launch 1500 Liquor Backed NFTs on ETH and BSC 23rd Nov press release PRESS RELEASE. Liquid Craft – is bringing a new concept to the NFT space by using collect
Decentralized Finance Protocols Flounder as Value Locked in Defi Shed More Than 25% Since FTX Collapsed
Decentralized Finance Protocols Flounder as Value Locked in Defi Shed More Than 25% Since FTX Collapsed On December 12, 2022, the total value locked (TVL) in decentralized finance
XRP Jumps 4%, Whale Reacts With $69 Million Coinbase Deposit
Este artículo también está disponible en español. On-chain data shows an XRP whale has moved a large amount of the asset to Coinbase following a 4% Christmas rally in its
Lebanon Inflation Rate Surges to 211%, Economist Steve Hanke Recommends a Currency Board
Lebanon Inflation Rate Surges to 211%, Economist Steve Hanke Recommends a Currency Board As political leaders in crisis-hit Lebanon bicker over positions in the yet-to-be-formed g
Helen Partz10 hours agoBitfarms increases mining pace, generates 411 BTC in SeptemberBitfarms, one of the largest Bitcoin miners in the world, believes that many of its best growth opportunities will arise from the upcom
DeFi may struggle to stay decentralized after new EU law
Daniel Ramirez-Escudero10 hours agoDeFi may struggle to stay decentralized after new EU lawDeFi’s exemption from MiCA regulation may fade as an update targets protocols with centralized components. The sector could spl
Ethereum Fees Drop to the Lowest Rate in 4 Months, 71% Lower Than Transfer Fees in January
Ethereum Fees Drop to the Lowest Rate in 4 Months, 71% Lower Than Transfer Fees in January The average transaction fee on the Ethereum network has dropped to the lowest level in fo
Brayden Lindrea8 hours agoLightning Labs releases Taproot Assets alpha, bringing stablecoins to BitcoinTaproot Assets is “how we bitcoinize the dollar and the world’s financial assets,” says Ryan Gentry, director o
Gareth Jenkinson9 hours agoRipple CTO says ‘tide is turning’ on US regulatory environmentDavid Schwartz believes the U.S. legal system is looking more skeptically at SEC cases against various cryptocurrency industry
Bitcoin.com Wallet Adds Shareable Payment Link Feature – Send Bitcoin Cash to Anyone via Text, Email, and Social Media
Bitcoin.com Wallet Adds Shareable Payment Link Feature - Send Bitcoin Cash to Anyone via Text, Email, and Social Media At Bitcoin.com, our team is all about spre
Fading Spot Volumes And Muted Futures Sentiment Threaten To Send Bitcoin Below $99,000 Again
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu