$72M Crypto Fund Backed by Paul Tudor Jones and LL Cool J Comes Out of Stealth
Led by Glenn Hutchins, the new fund has already invested in Dapper Labs and other crypto projects.
“Web 3 developers should be building on open protocols,” NFX General Partner Morgan Beller said of Radicle, a platform for crypto-native code collaboration.
The Arcanum Emerging Technologies Fund will start in India, but its founders plan to expand to other regions.
The Substrate-based chain is also working on a proof-of-concept “non-custodial” bridge for EVM chains to connect with the Bitcoin network.
Three prominent venture capital firms bought tokens directly from the DAO's treasury.
The early-stage VC will continue to invest around its primary thesis, that public blockchains are changing the world.