The start-up is planning to direct the funds to further expansion and development of the team.
Uncorrelated Ventures will dedicate 80% of the fund to early-stage startups in traditional infrastructure software.
Andreessen Horowitz, to date, is arguably one of the most prolific investors in the blockchain space.
Polychain Capital currently has about $2.6 billion in assets under management.
2019 has not been a bad year for crypto as some assets, including Bitcoin, have seen more than 100% in ROI. However, funding is significantly reduced and venture capitalists seem to be backing off. Why is this happening?
Is Venture Capital in crypto still a thing? With the obvious benefits, what token offerings bring to the table for both subscribers to token offerings and token issuers?
The start-up is planning to direct the funds to further expansion and development of the team.