Singapore-based Crypto.com Capital announced today that it is expanding the size of its fund to $500 million, from the $200 million it announced in March 2021.Jon Russell, its newly hired General Partner based in Bangkok, told CoinDesk the fund will do seed and series-A deals, typically up to a $10 million check for the series-A.So far Crypto.com’s maiden fund has invested in … [Read more...] about Crypto.com Capital Expands $200M Fund to $500M
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Mechanism Capital Launches $100M ‘Play-to-Earn’ Gaming Fund
“Right now it's called play-to-earn, but I think there’s a big push among industry participants to try to rebrand to play-and-earn,” Marc Weinstein, head of platforms at Mechanism Capital, told CoinDesk in an interview. “We want to back games that people want to play regardless of the crypto incentives.” Source link … [Read more...] about Mechanism Capital Launches $100M ‘Play-to-Earn’ Gaming Fund
Indian TikTok Rival Chingari Raises $15M Round Led by Republic Capital: Report
Chingari, an Indian short video platform akin to TikTok, has raised $15 million in a funding round led by Republic Capital, the private venture arm of investment firm Republic, according to a report by an Indian business news outlet.Crypto exchange OKEx also made a strategic investment in the company. Chingari's native token GARI will be listed on OKEx, the Economic Times … [Read more...] about Indian TikTok Rival Chingari Raises $15M Round Led by Republic Capital: Report
Crypto.com Capital Hires Jon Russell as LP, Hints at Expanding Fund Size
Crypto.com Capital announced Monday that it is expanding its $200 million Web 3 fund, and it has appointed Jon Russell, a former technology journalist based in Bangkok where he wrote for Tech Crunch and The Ken, as an Asia-based limited partner.Crypto.com Capital initially launched the fund in March 2021 with $200 million in capital, targeting seed and Series A deals in … [Read more...] about Crypto.com Capital Hires Jon Russell as LP, Hints at Expanding Fund Size
Crypto Options Market Starting to Have Material Impact on Spot Market: QCP Capital
While a correlation between equities and crypto has become more apparent during the last year, Singapore’s QCP wrote that there is a limit to this correlation because of the increasing importance of the crypto options market.As the bitcoin and ether markets followed the bearish sentiment of the equities market as the week began, bitcoin and ether tumbled below $40,000 and … [Read more...] about Crypto Options Market Starting to Have Material Impact on Spot Market: QCP Capital