Sources Say Hosts of Bankless Podcast to Launch $35M Crypto Venture Fund

Time Stamp: March 1, 2023 9:35 PM
Source Node: 2000600

In a recent development, the hosts of the popular Bankless podcast, David Hoffman and Ryan Adams, are reportedly launching a $35 million crypto venture fund. The new fund, which is expected to be announced in the coming weeks, will focus on investing in early-stage blockchain projects and companies.

The Bankless podcast, which has been running since 2018, is one of the most popular podcasts in the crypto space. It has featured some of the biggest names in the industry, including Vitalik Buterin, Balaji Srinivasan, and Naval Ravikant. The podcast has become a go-to source for news and information about the crypto space, and its hosts have become well-known figures in the industry.

The new venture fund is expected to be a major development in the crypto space. With $35 million in capital, the fund will be able to invest in a wide range of projects and companies. It will also provide much-needed capital to early-stage projects that may not have access to traditional venture capital.

The fund is expected to be managed by Hoffman and Adams, who will bring their expertise in the crypto space to the venture. They are also expected to bring on additional advisors and partners to help manage the fund.

The launch of the new venture fund is just the latest development in the crypto space. With traditional venture capital firms increasingly investing in blockchain projects, the launch of this new fund is a sign that the industry is maturing and becoming more attractive to investors.

It remains to be seen how successful the new venture fund will be, but it is clear that Hoffman and Adams are serious about investing in the crypto space. With their experience and knowledge of the industry, they are well-positioned to make smart investments and help foster innovation in the space.

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