Despite a brutal bear market, money is still flowing into the crypto space: The founder of blockchain infrastructure provider Polygon today launched a new crypto-focused venture capital firm with $50 million in the bank.
Headed up by Polygon’s Sandeep Nailwal and Cere Network founder Kenzi Wang, Symbolic Capital launched in May—but today announced that despite the crypto market crashing, it has raised $50 million to plug into early-stage Web3 companies.
And it claims to be different from other venture capital firms because it is run by crypto founders.
Introducing Symbolic Capital
We're an early-stage $50m VC fund supporting the best web3 founders globally.
What's unique about us? We’re one of the first VC firms led exclusively by web3 founders, allowing us to provide unparalleled support to the builders in our portfolio.
— Symbolic Capital (@symbolicvc) August 25, 2022
Polygon, previously known as Matic Network, is an interoperability and scaling protocol for launching...
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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...