TechFlow, Sept 23 — According to Fortune, Archetype, a New York-based crypto venture capital firm, has raised $100 million for its third fund, focusing on early-stage seed investments in blockchain companies.
Ash Egan, the firm's founder and general partner, said blockchain technology is on the verge of mainstream breakthrough, comparing the current moment to the period "between the post-AOL era and pre-Uber era" in internet history. Egan believes that from a decade-long or even longer perspective, crypto infrastructure will underpin all global commercial activities.
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