Blockchain Capital, the San Francisco-based venture capital firm, raised $580 million for two new crypto investment funds.
In particular, the company has homed in on investments in crypto startups focused on infrastructure, gaming, DeFi, consumer and social, according to today’s announcement.
“Over the past 20 months, we’ve invested more capital into the next generation of innovators than any other time in our history. The reason is simple: today’s market offers unprecedented opportunities, driven by an influx of highly skilled founders who are developing a diverse range of innovative technologies,” Blockchain Capital said in its announcement.
The firm added that volatility in the sector over the past year or two has “revealed the hazards of short-term thinking, exposing many who misjudged this nascent technology.” © 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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