Cryptocurrency venture capital firm Dragonfly Capital has announced the launch of a new $ 225 million Dragonfly Fund II investment fund, which will invest in projects in various areas of the blockchain.
It is assumed that the funds of the fund will mainly be invested in projects operating in the industries of decentralized finance (DeFi), non-exchangeable tokens (NFT), as well as second-tier solutions for scaling the Ethereum network, projects built on such solutions, and companies creating infrastructure for centralized financing.
The strategic partner of the new fund is the Chinese division of Sequoia Capital. Also, OKEx, Huobi and Bybit exchanges, as well as the manufacturer of mining equipment Bitmain, invested in the fund. Dragonfly Capital Managing Partner Haseeb Qureshi said:
“Together with leaders from US technology and venture capital firms, we have a great opportunity to help unify and grow the cryptocurrency industry.”
In early March, venture capital firm FD7 Ventures launched a similar $ 250 million fund to support projects running on the Cardano and Polkadot blockchains.
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