Blockchain Capital Secures $580 Million for New Crypto Funds Despite Bear Market Woes
Despite the bear market, the 10-year-old crypto venture capitalist (VC) firm has raised $580 million for early stage and opportunity funds....
- Blockchain Capital has raised $580 million for its two new venture funds.
- The company plans to focus on six crypto sectors: Decentralized Finance, Centralized Finance, Decentralized Infrastructure, Centralized Infrastructure, Gaming, and Consumer/Social.
- Companies like PayPal and Visa are among the largest investors in Blockchain Capital.
- Crypto investments have been declining while AI investments have been increasing.
- Blockchain Capital has a long-term vision for crypto startups and does not intend to become an AI fund or hedge fund.
The sentiment of the article is generally positive, highlighting the success of Blockchain Capital in raising funds and its focus on crypto startups despite the decline in crypto investments.