Blockchain Capital closes funds totaling $580M for investments in crypto gaming, DeFi


18 Sep 2023 7:58 PM

Blockchain Capital announced the closing of two funds for crypto gaming, DeFi, and infrastructure totaling $580 million dollars. ...

  • Venture capital group Blockchain Capital has closed two new funds totaling $580 million.
  • The funds will be invested in infrastructure, gaming, DeFi, and consumer/social technologies.
  • The funds include an early stage fund and an opportunity fund for companies with major funding.
  • The investment focus is on harnessing blockchain technology to realign incentives and reestablish user trust.
  • Blockchain Capital has invested more capital into the next generation of innovators than ever before.
  • These funds are among the largest in cryptocurrency/blockchain history and the most ever accrued by Blockchain Capital.
  • The firm does not intend to continually increase fund sizes or become an AI or hedge fund.

The sentiment of the article is generally positive. It highlights the closing of two significant funds by Blockchain Capital and their focus on investing in innovative projects. The mention of investing in infrastructure, gaming, DeFi, and consumer/social technologies indicates a positive outlook for these sectors. The article also emphasizes the firm's commitment to harnessing blockchain technology and its success in investing in the next generation of innovators.

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You May Ask

How much funding did Blockchain Capital close for its two new funds?What sectors will the investment funds prioritize?What is Blockchain Capital's strategy for investing in projects?Has Blockchain Capital invested in the next generation of innovators before?Does Blockchain Capital plan to increase the size of its funds in the future?

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