Investment company Hack VC has announced the creation of a fund whose goal is to invest in new cryptocurrencies and DAO, NFT and DeFi developers.
The company announced a successful investment round to finance a $200 million fund. The bulk of the funds came from Sequoia Capital, Fidelity and Digital Currecy Group.
Hack VC is behind the creation of one of the largest hack.summit() blockchain programming forums in the world.
According to Alex Pak, one of the project managers, the goal is more than just creating another fund. Now cryptocurrencies are busy bridging the gap between investors and users, so the fund will try to support both. Hack VC promise to provide full support to startups, not limited to funding.
Managing partner Ed Roman said that the company will use its tools, such as hackjobs.org, hacksummit.org and Hack Labs, to develop development teams for new projects.
Recall that from March 13 to 16, the World of Web3 summit is to be held in Dubai. Participants plan to understand the structure of the metaverses and their potentialities.
Source: Bits
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