In a recent development, the hosts of the popular Bankless podcast, David Hoffman and Ryan Adams, have announced the launch of a $35 million crypto venture fund. This fund, called Mythos Capital, is designed to invest in early-stage blockchain projects and will be managed by Hoffman and Adams. This move marks a major milestone for the crypto industry, as it demonstrates the increasing interest in blockchain technology from established investors.
The fund will be backed by a number of prominent investors, including Andreessen Horowitz, Polychain Capital, and Coinbase Ventures. It is expected to invest in projects that are focused on developing new applications for blockchain technology, as well as those that are exploring new business models for the industry. The fund will also be used to invest in projects that are focused on increasing the usability of cryptocurrencies and blockchain technology.
Hoffman and Adams have been vocal advocates for the crypto industry since launching their podcast in 2018. Through their platform, they have provided a platform for industry experts to discuss the latest developments in the space. With their new venture fund, they are looking to further their commitment to the industry by providing capital to early-stage projects.
The launch of Mythos Capital is a major step forward for the crypto industry. It demonstrates that established investors are increasingly interested in the potential of blockchain technology. Furthermore, it provides an opportunity for early-stage projects to receive much-needed capital to help them develop their products and services. It is likely that this move will lead to further investment in the space, as more investors become aware of the potential of blockchain technology.
Source: Plato Data Intelligence: PlatoAiStream