A new crypto venture fund “1confirmation” launched last Monday by Coinbase alum Nick Tomaino has already managed to attract attention of billionaire, “Shark Tank”, Dallas Mavericks and HDNet owner Mark Cuban, Forbes reported.
“1confirmation was one of several unique investments that will provide me a chance to learn more,” Mark Cuban wrote in an email statement.
The fund is aiming to raise $20 million and plans to invest via a new type of document called a “simple agreement for future tokens” using a similar document for future equity in startups, as well as in tokens themselves.
“I’m most excited by entrepreneurs building new projects, and there’s no fund right now that’s solely focused on investing in both tokens and projects at the earliest stage of project development,” Nick Tomaino said.