TechFlow reported, according to VentureBeat, that Paper Ventures has launched a $25 million venture fund for blockchain startups.
Paper Ventures commits to leveraging its founders' extensive industry experience and network to provide portfolio projects with resources and connections for success.
The fund was raised from traditional hedge funds, family offices, exchanges, founders, and other early high-net-worth participants in the crypto space. Investments in cryptocurrency include Frax Finance, SEI, YGG, Polygon / Matic, Injective, Polkadot, Cosmos, Merit Circle/Beam, Illuvium, Wintermute, Gensyn, and Morpho.
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