MARKET CAP : $5,607,185,562,796.5
NFT Volume(7D) : $66,947,433.8
ETHGas : 1.152886928Gwei
( #IDO #GAMEFI #BLOCKCHAIN GAMES #NFT COLLECTION )
Galaxy Asset Management raises $113M for new crypto venture
Cointelegraph
Galaxy Asset Management raised $113 million for a new crypto venture fund, that could bring significant new capital for cryptocurrency startups building new use cases.
Billionaire Michael Novogratz’s new venture will be investing in early-stage crypto startups, mainly focused on cryptocurrency software, infrastructure, and financial applications.
The new fund, called Galaxy Ventures Fund I LP, aims to initially invest in 30 companies and will continue raising funds until it reaches the $150 million target, which is expected to happen by 2025 at the latest, according to a statement shared with Bloomberg.
The $113 million could mean a significant financial lifeline for cryptocurrency startups and help the next big crypto protocol emerge.
Galaxy has previously invested in popular protocols like Ethena and Monad.
0
Bookmark
0
Like
Reviews
Reply
Latest
No corresponding news is found