In a recent development, the hosts of the Bankless podcast, David Hoffman and Ryan Adams, have reportedly launched a $35 million crypto venture fund. This fund is said to be the first of its kind and is aimed at investing in early-stage blockchain projects.
The Bankless podcast is a popular show that focuses on cryptocurrency and blockchain technology. It is hosted by Hoffman and Adams, who are both experienced entrepreneurs in the crypto space. The podcast has been running since 2018 and has gained a loyal following of crypto enthusiasts.
The new venture fund is said to be focused on investing in early-stage blockchain projects. It will provide capital to projects that have the potential to make a real impact on the industry. Hoffman and Adams have stated that they are looking for projects that are “building the infrastructure of the future”.
The fund is backed by some of the biggest names in the crypto space, including Coinbase Ventures, Pantera Capital, and Polychain Capital. This is a major vote of confidence in the fund and suggests that Hoffman and Adams have the support of some of the most influential players in the industry.
This is an exciting development for the crypto space as it shows that there is still plenty of interest in investing in blockchain projects. It also shows that Hoffman and Adams are serious about their commitment to the industry and are willing to put their money where their mouth is.
It will be interesting to see how this fund performs and what kind of projects it invests in. It could be a major boost for the industry if it succeeds in backing some of the most promising projects in the space. Only time will tell if Hoffman and Adams’ venture fund will be a success or not.
Source: Plato Data Intelligence: PlatoAiStream