Recently, Contango Digital Assets closed a $1.2 million seed investment for building Web3 infrastructure. The leading blockchain VC firm has invested over $7 million worldwide in Web3 businesses as of this writing. In 2023, when widespread use of Web3 technologies and blockchains is expected to peak, Contango is predicted to boost its revenue by 100%. Investors … Read more
Cathie Wood, who works with Ark Investment, has a reputation for placing some of the riskiest bets in the cryptocurrency market. Cathie Wood has been a consistent investor in cryptocurrency startups such as Coinbase, even though the market has been volatile since 2022. In yet another of these recent developments, ARK Investment Management LLC successfully … Read more
The cryptocurrency venture capital firms’ portfolio companies were encouraged by the firms to withdraw their assets from the United States commercial bank Silicon Valley Bank (SVB). Specifically, five crypto-focused VC investors have strongly recommended to their portfolio firms that they remove their cash from the banks as a safeguard. This comes when Silicon Valley Bank Financial … Read more
The Blockchain Founders Fund (BFF), a venture capital fund based in Singapore that invests in the most successful blockchain firms worldwide, has raised $75 million for its Fund II, which just recently ended. After the announcement (1) of the major close of its Fund II in early 2022, the venture capital fund made public on … Read more
Alexis Ohanian, the co-founder of Reddit, is a partner at Seven Seven Six, a venture capital firm that plans to raise $177.60 million for a new cryptocurrency-focused fund that will be called Kryptós. According to the marketing materials for the fund that were viewed by The Information, it was said that “this is possibly a … Read more