CoinFund, a New-York based crypto investment firm, announced on Wednesday that it has launched a $300 million venture capital fund to back early-stage blockchain projects.
David Pakman, CoinFund managing partner and venture investing head, said the new would invest in crypto projects and firms that focus on layer-1 blockchains, web3 infrastructure, DeFi, NFTs and gaming, payments, assets management, exchanges, marketplaces, and decentralized applications.
Pakman further said that through the new fund, CoinFund will aim to continue investing and building crypto firms that align with the “giant landscape web3 entails.”
Pakman is not worried about the ongoing bear market. The executive said: “We are long-term investors and believe that crypto and web3 offer the largest areas for enterprise value creation entire tech industry today. This view is independent of current market conditions. We try not to time markets, and instead invest over long periods of time.”
Established in 2015,...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...