A new Blockchain-focused venture capital fund called Proof of Capital has been established by a group of investors. The aim of the $50 million USD fund is to encourage further adoption of blockchain technology.
Blockchain Venture Fund: Proof of CapitalThe new fund has been founded by three partners: Phil Chen, Chris McCann, and Edith Yeung.
It will invest in early-stage startups that are involved in blockchain technology. The group has highlighted various areas of the blockchain ecosystem that it is looking to back, including remittances, custody, wallets, security, and identity.
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