If you’re looking for an institutional asset manager that is focused on the blockchain industry, consider 15m Series Pantera CapitalMcsweeney TheBlock. The company currently offers five funds, including a blockchain fund set to launch in June 2021. This new fund will invest in venture equity, liquid tokens, and early-stage crypto companies. It has a minimum investment requirement of $1 million and is open to accredited purchasers only.
Fund
The 15m series pantera capitalmcSweeney theblock fund allocates nearly one-half of its fund to enterprise projects that address problems related to the core technology of cryptocurrency. One such project, Synthetic Minds, is developing an easier way to build and deploy smart contracts. This solution will help prevent the loss of funds through smart contracts, which are vulnerable to bugs. Bugs in smart contracts have been responsible for the theft of approximately 4 million ETH. The current solution is to pay bounty programs to people who report bugs, but these programs are expensive and slow. Furthermore, humans tend to miss bugs.
Investments in blockchain gaming
15m Series Pantera CapitalMcsweeney TheBlock has provided $15 million for McSweeney Investment Company’s new fund, Theblock. With the funding, McSweeney plans to expand globally and launch a trading desk. It also intends to further develop its open-source protocol and API.
15m Series Pantera CapitalMcsweeney TheBlock is also investing in the blockchain gaming space. Its investments include Angelic, a game with sophisticated game mechanics and elegant design. The company believes that Angelic will become a staple of Web3 gaming and bridge the gap between blockchain games and AAA titles. Blockchain games that combine blockchain technology with entertainment have gained in popularity in recent years. They often feature RPG-style gameplay and feel, similar to AAA titles.
Pantera Capital also invested in 0x Labs, a company that builds decentralized game engines for decentralized gaming. The company has raised $15 million in a series A round led by Pantera Capital. The company has employees located on different continents. Company has made substantial technical contributions to the Ethereum protocol and is an early adopter of the NFT token standard. Pantera Capital’s investment in 0x Labs will allow the startup to launch its cryptocurrency exchange.
Fund’s target size
The blockchain funding firm Pantera Capital is ready to close its $1.3 billion funding round. Founded in 2003, Pantera Capital started cryptocurrency-related operations in 2013. It has since helped hundreds of blockchain startups secure funding, while also providing them with fees that they can then return to investors. The firm’s initial target is $600 million, but is now raising up to $1 billion in commitments.
The fund has invested in forty-four early-stage token projects and 26 venture equity deals. The company also recently made a $50 million investment in South Africa’s VALR cryptocurrency exchange. The firm has also made investments in blockchain gaming, NFTs, and the metaverse.
Conclusion:
15m Series Pantera CapitalMcsweeney TheBlock is an institutional asset manager focused on the blockchain industry. It currently offers five funds, including one called the Pantera Blockchain Fund. Its fund will invest in digital tokens and early-stage venture equity. It requires a minimum investment of $1 million.
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