In an interview with CoinDesk, Bailhe said the fund is investing “full stack,” including in layer 1 protocols, layer 2 add-on systems, the data layer, decentralized finance (DeFi), centralized applications, payments, gaming, Web 3, non-fungible tokens (NFT), and consumer and enterprise infrastructure.
The Pantera Early Stage Token Fund I is expected to raise $20 million, said Yieldstreet
Alameda Research and Dragonfly Capital also participated in the round.
The Middle Eastern country is gearing up to become a global crypto hub.
The chipmaker’s fiscal fourth quarter revenue from its Cryptocurrency Mining Processors (CMP) tumbled 77% from the previous quarter.
Fed officials agreed that “if inflation does not move down as they expect, it would be appropriate for the committee to remove policy accommodation at a faster pace than they currently anticipate,” said the minutes of the Federal Open Markets Committee’s (FOMC) January meeting.
The early-stage firm is targeting monetary networks, financial services and internet infrastructure with its latest fund.
As part of the Emergencies Act, Canada is broadening the scope the country’s anti-money laundering/anti-terrorist financing rules, which will now include crowdfunding platforms and the payment service providers such as PayPal and Stripe and will include digital assets such as crypto, used by suspected individuals and companies, RCMP Spokesperson told CoinDesk in an emailed statement.
Gov. Jared Polis outlined the plans during an appearance on CoinDesk TV.
Consumer-facing crypto exchanges and retail trading platforms received the majority of funding, according to the Association for Private Capital Investment in Latin America.