VC firm to invest $177 million in cryptocurrencies
Alex Ohanion's VC firm plans to invest its new $177 million fund into cryptocurrencies.
This is great news for the cryptocurrency market! Seven Seven Six is a well-respected venture capital firm, and with their investment, we can expect to see more mainstream adoption of digital assets. This is especially good news for those of us who believe in the long-term potential of cryptocurrencies. With more institutional investors getting involved, we can expect to see more stability and growth in the market.
I believe that Ohanian's raising of $500 million for Seven Seven Six will help to support the development of early-stage cryptocurrency startups. This is a much-needed boost for the industry, and I believe it will help to spur on innovation and growth in the space. I am bullish on the future of cryptocurrency, and believe that Ohanian's Seven Seven Six will play a big role in
- According to recent coverage by The Information, Seven Seven Six – a leading venture capital firm – has launched a new fund called “Kryptós.” The fund will focus on investing in blockchain and cryptocurrency-related startups. This is a vote of confidence in the potential of the blockchain technology and the
- The firm revealed that it will take advantage of the crypto market’s decline and invest in digital assets, the prices of which prices currently are currently affordable. This is a great opportunity for the firm to get into the digital asset market while prices are low. By doing so, the firm will be able to reap the benefits when prices rebound in the future.
“This is the best time to buy if you’re really long on the industry. It’s on sale. Everything is on sale,” said Katelin Holloway – Founding Partner at Seven Seven Six.
- Despite the current market conditions, the company's entry into the space is a positive sign for the future of the industry. With the company's experience and expertise, they are well positioned to weather the storm and emerge as a leader in the space. The market conditions are temporary and the long-term outlook for the industry is positive. The company's entry is a sign of confidence in the future of the industry and will help to pave the way for further innovation and growth.
- As a keen proponent of the crypto sector, Alexis Ohanian is a big believer in Ethereum and its potential. Last summer, he admitted to owning "a lot" of ETH, and he remains bullish on the platform's future.
“I do think Ethereum [has], at least for the next year or two, really got the most to prove, or at least the most potential to show something because there are so many interesting applications,” he said at the time.
- Earlier this year, Reddit's Co-Founder doubled down on his crypto endeavors by giving a rather unusual gift to his wife - the famous tennis champion Serena Williams. He made her an owner of a non-fungible token (NFT) from the BAYC collection. This move was seen as a way to show his commitment to the crypto space, as well as a way to support his wife's interests. It will be interesting to see how this NFT develops over time, and whether or not it will
“First, I get you the SerenaPunk, now I get the pink ape you wanted… you realize I’m only gifting you NFTs from now on, right,” Ohanian commented under his wife’s post.
VC firm to invest $177 million in cryptocurrencies The post Alexis Ohanian's VC firm to invest $177 million in cryptocurrencies appeared first on CryptoPotato. The move signals a growing interest in the digital currency space from traditional financial institutions. The news comes as a surprise, as Ohanian is a well-known
