TechFlow News — Former Polychain partner Tekin Salimi has launched a $125 million crypto venture fund called "dao5," which will provide between $500,000 and $2 million for pre-seed and seed-stage financing.
Additionally, Salimi plans to transition the fund into a DAO by 2025. DAO5 tokens will be minted and distributed to the fund’s investment team, advisory committee, and portfolio company founders. The fund’s legal entity will be dissolved, and the general partner’s assets will be permanently migrated to an on-chain treasury owned and managed by DAO5 token holders.
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