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Multicoin Capital Announces New $100 Million Fund To Invest In DeFi, NFT And More

There are all kinds of important moves that are currently going on in the crypto space. Most of them are definitely boosting the digital assets and their mainstream adoption.

Now, it’s been just revealed that the crypto investment firm Multicoin Capital has launched a new fund worth $100 million, according to the announcement that was made today.

The fund will invest in more important projects

The Venture Fund II would invest in a few crypto sectors, including decentralized finance (DeFi), non-fungible tokens (NFTs), Web3 applications, and crypto infrastructure projects, said Multicoin.

The Block Crypto online publication notes that regarding DeFi, the fund is interested in investing in projects that are building on Solana, which Multicoin invested in previously.

Multicoin said that “there will be a burgeoning DeFi ecosystem on Solana written natively in Rust that takes advantage of Solana’s performance, and plugs into Serum’s composable on-chain order book,” as the online publication mentioned above noted.

The firm has other plans as well and they made sure to note the following:

“Over the next few years, there is going to be an incredible wave of innovation in Open Finance and Web3, as well as new kinds of crypto-enabled infrastructure and applications,” said the firm.

They continued and pointed out the fact that “This wave will only be possible because the underlying infrastructure has matured to a sufficient level. We expect to deploy a significant amount into these areas out of Venture Fund II over the next few years.”

We suggest that you check out the complete official notes in order to learn more details.

Other important moves in the crypto space include the fact that Bitstamp which is the world’s longest-running cryptocurrency exchange, announced its expansion in the U.S. market with “an increased financial commitment to the U.S. business, dedication to acquiring top talent and continued development of its best-in-class market infrastructure.”

Check out more details about all this in our previous article. 

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