Bankless Podcast Hosts Reportedly Secure $35M for Crypto Venture Fund

Time Stamp: March 2, 2023 2:35 AM
Source Node: 2512423

The world of cryptocurrency has been abuzz with news of a new venture fund recently. Bankless, a podcast hosted by two crypto enthusiasts, have reportedly secured $35 million for a new venture fund. This fund is set to invest in cryptocurrency-related projects and companies.

The two hosts of the Bankless podcast, David Hoffman and Ryan Sean Adams, have been avid supporters of the cryptocurrency space for years. They have both been involved in the industry since its early days and have seen its growth firsthand. With the launch of their podcast, they have become well-known figures in the crypto community.

The $35 million venture fund is backed by a number of investors including Coinbase Ventures, Digital Currency Group, and Paradigm. It is set to invest in projects that are focused on blockchain technology, decentralized finance, and digital assets. The fund will also be used to invest in companies that are building products and services related to cryptocurrency.

This news is a major step forward for the cryptocurrency industry as it shows that there is an increasing amount of interest from institutional investors. It is also a sign that the industry is maturing and becoming more mainstream. This is an exciting development for the industry as it will help to bring more legitimacy to the space and attract more investors.

The Bankless podcast hosts have been instrumental in helping to promote the cryptocurrency space and this venture fund is a testament to their hard work and dedication. This news is sure to be welcomed by many in the crypto community as it shows that there is a growing amount of interest from institutional investors. It is also a sign that the industry is maturing and becoming more mainstream.