The world of cryptocurrency has been rapidly evolving over the past few years, and now it appears that two of the most prominent voices in the space are taking things to the next level. According to reports, bankless podcast hosts David Hoffman and Anthony Sassano are reportedly raising a $35 million crypto venture fund.
The two hosts, who are both well-known in the crypto community, have been running their podcast since 2018. The podcast focuses on topics related to decentralized finance, or DeFi, and has become one of the most popular sources of information on the subject.
The venture fund is reportedly being raised by Hoffman and Sassano’s company, Bankless. The company has already raised $3 million in seed funding from investors such as Coinbase Ventures, Pantera Capital, and Digital Currency Group.
The fund will reportedly focus on investments in early-stage DeFi projects. It is expected that the fund will be used to invest in projects that have the potential to disrupt traditional financial services. This could include projects related to decentralized exchanges, stablecoins, lending platforms, and more.
The news of the venture fund comes at a time when DeFi is becoming increasingly popular. According to reports, the total value locked in DeFi protocols has grown from $1 billion in January 2020 to over $30 billion in April 2021.
It is clear that Hoffman and Sassano are looking to capitalize on the growing popularity of DeFi with their venture fund. With their experience in the space and the backing of some of the biggest names in crypto, they are well-positioned to make some significant investments in the sector.
It will be interesting to see how the venture fund performs and what impact it has on the DeFi space. With two of the most prominent voices in crypto leading the charge, it is sure to be an exciting journey.
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- Source: Plato Data Intelligence: PlatoAiStream