On Monday, VanEck, a financial institution with close to $82 billion in assets under management with exchange-traded funds, or ETFs, mutual funds and institutional accounts, announced the launch of its first cryptocurrency fund. The fund is listed as an exchange-traded note, or ETN, on the Deutsche Borse Xetra and SIX Swiss exchanges with exposure to Bitcoin (BTC), Ethereum … [Read more...] about VanEck launches its first multi-token cryptocurrency fund
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The Sandbox announces $50M fund for its startup accelerator program
Virtual world project The Sandbox announced its metaverse accelerator program that will push the development of the open metaverse by investing $50 million in startups. The Animoca Brands subsidiary is partnering with the venture accelerator firm Brinc to target 30 to 40 blockchain startups a year for the program.The Sandbox Metaverse Accelerator Program will allocate up to … [Read more...] about The Sandbox announces $50M fund for its startup accelerator program
Crypto.com Capital Expands $200M Fund to $500M
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
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
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