Blockchain Capital announced the closing of two funds for crypto gaming, DeFi, and infrastructure totaling $580 million dollars.
“The end game is to elevate personal empowerment by granting individuals control over their digital and financial lives through innovative blockchain-enabled applications and services. It’s this vision of a democratized and distributed future that guides our passion and investment decisions.”going to the early stage fund and the rest earmarked for the opportunity fund. It’s unclear at this time exactly what types of projects the investment fund will prioritise.
According to the press release, the company will continue its trend of investing in infrastructure, DeFi, gaming, and other finance, blockchain, and cryptocurrency opportunities. However, the press release also mentions that Blockchain Capital’s strategy “isn't about sectors; it's about harnessing blockchain technology to realign incentives, reestablish user trust and reengineer the social contract of our increasingly digital world.
The latest funds closed are among the largest in cryptocurrency/blockchain history and the most ever accrued by Blockchain Capital. However, this shouldn’t be interpreted as a signal that the firm intends to continually increase fund sizes.that they had “no intent to expand and become an AI fund or hedge fund and trade tokens,” adding that he didn’t see future funds “becoming much larger than what you see here.
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