Reddit co-founder Alexis Ohanian’s venture capital firm 776 is looking to launch a $177.6 million crypto fund, emphasizing it's the best time to gobble up crypto as “everything is on sale.”
, Web3 fantasy franchise the Forgotten Runes Wizard’s Cult, and blockchain API and node infrastructure startup, QuickNode to name a few.with the SEC, a $500 million fund headed up by current and former Galaxy and Genesis execs is called the DBA Crypto Fund I, LP.
Details on the fund are sparse at this stage, other than the group indicating that it will be a pooled investment fund and private equity fund. In terms of securities offered, the only indications so far are “pooled investment fund “interests” and “other.”The group of execs behind the fund consists of Galaxy Digital’s vice-president of investments Michael Jordan, Genesis’s head of derivatives Joshua Lim and former Genesis vice president of trading Roshun Patel. Alongside them, the CEO and founder of trading firm Convex Optimization Group, Shane Barratt rounds off the list of the managing members.
These crypto funds are not the only ones with big names behind them grabbing headlines over the past week, with Cointelegraph reporting on Aug. 25 that Polygon founder Sandeep Nailwal had raised
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