It turns out that the blockchain fund run by Pantera Capital has received $1 billion (about 116.7 billion yen) in investment commitments.

The fund was set up last May with a target of $600 million, typically spending between $1 million and $40 million on Series A and Series B financing.

The fund is only open to eligible individuals, requiring a minimum investment of $1 million, and will not accept new investments this April.

Dan Morehead, CEO of Pantera, posted the following review.

""We're investing twice as much as we expected. The funding cycle for other companies in the same industry is also strong and all the money will be used to boost the market. –Blockworks "

Approximately 40% of the fund's assets will be allocated to venture equity, approximately 30% to early stage tokens, and another 30% to liquid tokens.

Paul Veradittakit, a partner at Pantera, said, "We will be diving into the intersection of mining consumers (use cases), traditional finance and DeFi, and the continued global institutionalization of the space." I am.

Article source: Blockworks