Bankless Podcast Hosts Plan to Raise $35 Million for Venture Capital Fund
According to reports, according to sources, David Hoffman and Ryan Sean Adams, the presenters of Bankless podcast, plan to raise $35 million for their venture …
According to reports, according to sources, David Hoffman and Ryan Sean Adams, the presenters of Bankless podcast, plan to raise $35 million for their venture capital fund. The general partner of the fund also includes Ben Lakoff, the founder of Charged Articles. The fund plans to be a legal entity independent of Bankless podcast, but will still share the Bankless brand.
Source: Bankless podcast host plans to raise $35 million for its venture capital fund
Interpret the above information:
David Hoffman and Ryan Sean Adams, the presenters of the Bankless podcast, have announced their plans to raise $35 million for a new venture capital (VC) fund. According to various reports and sources, the fund aims to support early-stage blockchain projects, particularly those related to decentralized finance (DeFi) and non-fungible tokens (NFTs).
The new VC fund will be an independent legal entity, separate from the Bankless podcast, but still carry the Bankless brand. The fund’s general partner, which includes Ben Lakoff, the founder of Charged Articles, will oversee the management of the fund’s investments and operations.
Hoffman and Adams, who are both prominent figures in the crypto industry, have gained a large following through their Bankless podcast, which covers the latest developments and trends in the world of cryptocurrencies and blockchain. Given their expertise and network, it’s likely that their new VC fund will attract significant interest from both investors and entrepreneurs looking for funding and support.
The decision to focus on early-stage DeFi and NFT projects is a natural fit for the Bankless brand, which aims to promote the use of cryptocurrencies and blockchain in alternative finance and banking. DeFi, in particular, has garnered much attention and growth in the past year, with various DeFi platforms offering new products and services that challenge traditional financial systems.
NFTs, on the other hand, have boomed in popularity due to their unique ability to tokenize digital assets such as art, music, and collectibles. Many experts believe that the NFT market has significant growth potential, especially as more creators and brands explore the technology’s endless possibilities.
In summary, the Bankless podcast hosts’ decision to raise $35 million for a new VC fund shows their commitment to promoting and supporting blockchain and cryptocurrency projects, particularly those in DeFi and NFTs. By creating an independent legal entity, the fund can operate without any conflicts of interest or influence from the podcast. Meanwhile, the Bankless brand can still provide a valuable marketing and branding tool for the fund’s portfolio companies.
Overall, the announcement represents a significant development in the crypto and blockchain ecosystem, highlighting the opportunities and potential for innovation and growth in the industry.
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