Former Polychain GP unveils $125M crypto fund with DAO governance ambitions
The fund will invest in blockchain projects specializing in L1 solutions, privacy technology, DeFi, gaming, NFTs and crypto social. Former Polychain Capital general partner Tekin Salimi has launched a new blockchain-focused investment fund that will eventually be converted into a founder-owned decentralized autonomous organization (DAO), offering a novel way for startup leaders to be rewarded for their contributions. The $125 million fund, known simply as “dao5,” will invest in blockchain and cryptocurrency projects in their pre-seed and seed stages. In the startup world, a pre-seed round....
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Polychain and Three Arrows Capital Put Funds in Avalanche
Avalanche, one of the youngest smart contracts-enabled cryptocurrencies, has raised $230 million in a funding round....