The world of cryptocurrency is constantly evolving and innovating, and now a new venture fund is set to make waves in the industry. Sources say that the hosts of the popular Bankless podcast, David Hoffman and Ryan Adams, are launching a $35 million crypto venture fund.
The fund, called Bankless Ventures, will focus on investing in early-stage projects in the crypto space. It will be managed by Hoffman and Adams, who have both been involved in the crypto industry for several years. The fund will be backed by a number of high-profile investors, including Polychain Capital, Coinbase Ventures, and Digital Currency Group.
The Bankless podcast has been a popular source of information for those interested in the crypto space since its launch in 2018. The podcast has featured interviews with some of the biggest names in the industry, including Ethereum co-founder Vitalik Buterin and Coinbase CEO Brian Armstrong. Hoffman and Adams have also been active in the crypto space as angel investors and advisors to various projects.
The launch of Bankless Ventures is an exciting development for the crypto industry. It shows that there is still plenty of interest in investing in early-stage projects in the space. It also indicates that Hoffman and Adams have the confidence of some of the biggest names in the industry, which could be a major boost for any project they decide to invest in.
It remains to be seen how successful Bankless Ventures will be, but it is certainly an exciting development for the crypto space. With Hoffman and Adams at the helm, it is sure to be an interesting venture to watch.
Source: Plato Data Intelligence: PlatoAiStream