iHodl.com
Main page News, Crypto Market, DeFi, Cryptocurrency
Hot topic
May 4, 2021

Multicoin Capital, a venture capital firm, has announced it raised a new $100 million venture fund to help entrepreneurs building projects and companies around the cryptocurrency space.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

In an announcement, the firm said it plans to back decentralized finance (DeFi) projects and startups in the area of non-fungible tokens (NFT).

"We want to back entrepreneurs who are accelerating the adoption of DeFi," the announcement says.

Multicoin Capital is also watching the Web3 market to back projects focused on core infrastructure like The Graph, Arweave, and Torus.

Ethereum API Provider Alchemy Raises $80M at $505M Valuation

Multicoin's new fund appears after it became known that Andreessen Horowitz, a private American venture capital firm (also known as a16z), is planning to attract $1 billion for a new cryptocurrency-focused VC fund. Horowitz's third cryptocurrency fund is reportedly planning to raise between $800 million and $1 billion from investors.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Strawberry Cake Media Corp. © 2024 Cookie Policy Editorial team Archive

ihodl.com is an illustrated edition about cryptocurrencies and financial markets.
Every day we publish the best materials for everyone interested in economy.