{"id":25257,"date":"2022-04-27T09:44:26","date_gmt":"2022-04-27T13:44:26","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=25257"},"modified":"2022-04-27T09:44:31","modified_gmt":"2022-04-27T13:44:31","slug":"dragonfly-capital-announces-launch-of-650m-crypto-fund","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/dragonfly-capital-announces-launch-of-650m-crypto-fund\/","title":{"rendered":"Dragonfly Capital announces launch of $650M crypto fund"},"content":{"rendered":"\n
Dragonfly Capital,<\/a> a crypto venture capital firm, has announced the launch of its third crypto fund dubbed Dragonfly Fund III which has a valuation of $650 million valuation.<\/h5>\n\n\n\n
\"Dragonfly
Dragonfly Capital announces launch of $650M crypto fund <\/figcaption><\/figure><\/div>\n\n\n\n

The fund is worth more than twice as much as the firm's last two funds, which were each worth $300 million. It also follows in the footsteps of other crypto venture capital firms\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> such as Bain Capital and Sequoia Capital, which both created funds worth roughly $600 million.<\/p>\n\n\n\n

Avalanche, Bybit, Amber, Dune Analytics, and Frax are among the crypto mainstays funded by Dragonfly, which is led by former professional poker player Haseeb Qureshi.<\/p>\n\n\n\n

Qureshi announced the new fund in a blog post, predicting a significant increase in crypto and blockchain use over the next five years.<\/p>\n\n\n\n

The L1 wars are heating up, the race to build the metaverse is on, DeFi <\/a>is maturing, crypto gaming now seems inevitable, and the financial infrastructure is institutionalizing.<\/p><\/blockquote>\n\n\n\n

Dragonfly will also lead late-stage funding rounds with the new fund, according to Qureshi.<\/p>\n\n\n\n

Other significant crypto venture investors have committed large sums of money on a crypto explosion in the coming years, and Qureshi's sentiments echo theirs.<\/p>\n\n\n\n

Given that crypto donations played a significant role in the Russia-Ukraine conflict<\/a>, the space has seen a surge in popularity this year. This has piqued institutional interest, and numerous governments have passed crypto rules as a result.<\/p>\n","protected":false},"excerpt":{"rendered":"

Dragonfly Capital, a crypto venture capital firm, has announced the launch of its third crypto fund dubbed Dragonfly Fund III which has a valuation of $650 million valuation. The fund is worth more than twice as much as the firm’s last two funds, which were each worth $300 million. It also follows in the footsteps […]<\/p>\n","protected":false},"author":12,"featured_media":25259,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[4224,9439],"class_list":["post-25257","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto-fund","tag-dragonfly-capital"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/04\/image-178.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/25257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=25257"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/25257\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/25259"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=25257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=25257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=25257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}