Dylan and Ian Macalinao, who are best known for creating stablecoin swapping protocol Saber, are rebranding their developer collective, Ship Capital. Protagonist, as the fund is now known, has raised at least $33 million, according to its website and regulatory documents.
The Saber brothers’ new push means two prolific Solana ecosystem contributors will now officially split their time between building crypto projects and investing in them.
That sparked some concern among the space’s more entrenched VCs; multiple told CoinDesk that doing both efforts well requires “focus” that’s hard to find.
"I don't think it inspires confidence that they're committed to the protocol, but it is commonly accepted, with lots of prominent examples," a third VC said, naming Robert Leshner and Tarun Chitra’s Robot Ventures as one.
Protagonist lists four people with the title “Co-founder and GP” – brothers Dylan and Ian, plus fintech company Pipe’s CEO, Henry Hurst, and George Bousis, a self-described...
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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...