{"id":63607,"date":"2023-11-04T10:24:43","date_gmt":"2023-11-04T14:24:43","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=63607"},"modified":"2023-11-04T10:24:47","modified_gmt":"2023-11-04T14:24:47","slug":"ex-novawulf-team-launches-new-crypto-investment-firm-valinor","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/ex-novawulf-team-launches-new-crypto-investment-firm-valinor\/","title":{"rendered":"Ex-NovaWulf Team Launches New Crypto Investment Firm Valinor"},"content":{"rendered":"\n<p>Some of the key members of <a href=\"https:\/\/coinscreed.com\/staging\/celsius-selects-novawulf-as-sponsor-for-its-bankruptcy-plan.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">NovaWulf,<\/a> the digital asset investment firm that tried to acquire Celsius, have announced the creation of a new firm called Valinor, which will focus on blockchain and financial innovation opportunities.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"558\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/startup-project-rocket-launch-1024x558.jpg\" alt=\"Ex-NovaWulf Team Launches New Crypto Investment Firm Valinor\" class=\"wp-image-63610\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/startup-project-rocket-launch-1024x558.jpg 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/startup-project-rocket-launch-300x164.jpg 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/startup-project-rocket-launch-768x419.jpg 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/startup-project-rocket-launch-1536x838.jpg 1536w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/startup-project-rocket-launch-18x10.jpg 18w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/startup-project-rocket-launch-1320x720.jpg 1320w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/startup-project-rocket-launch-750x409.jpg 750w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/startup-project-rocket-launch-1140x622.jpg 1140w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/startup-project-rocket-launch.jpg 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>NovaWulf, the digital asset investment firm that made a bid for the bankrupt crypto lender Celsius, has closed its doors, and some of its team members have launched a new venture called Valinor, according to an email obtained by CoinDesk.<\/p>\n\n\n\n<p>Valinor is a new investment entity that will pursue opportunities related to blockchain and financial innovation, the email said. <\/p>\n\n\n\n<p>The firm is led by former NovaWulf employees <a href=\"https:\/\/www.signalhire.com\/companies\/novawulf-digital-management\/employees\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Connor Dougherty and Lily Yarborough, <span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a>who have the backing and collaboration of two of their former partners at NovaWulf, a person involved in the new venture told CoinDesk.<\/p>\n\n\n\n<p>The person said that the founding partners of NovaWulf decided to part ways amicably and pursue different opportunities in the crypto sector, given the changes and diversity in the market. <\/p>\n\n\n\n<p>NovaWulf was one of the bidders for Celsius, the crypto lending platform that filed for bankruptcy in July 2022 after losing billions of dollars in user deposits.<\/p>\n\n\n\n<p>NovaWulf lost the bidding war to <a href=\"https:\/\/coinscreed.com\/staging\/fahrenheit-wins-bid-to-acquire-celsius-networks-assets.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Fahrenheit,<\/a> a consortium of buyers that includes venture capital firm Arrington Capital and miner US Bitcoin Corp. Fahrenheit offered $4.7 billion for Celsius, which had more than <strong>$2 billion<\/strong> in assets under management.<\/p>\n\n\n\n<p>Valinor is the latest example of the dynamic and competitive nature of the crypto industry, where new players emerge, and old ones fade away. <\/p>\n\n\n\n<p>The firm aims to capitalize on the growing opportunities in the blockchain and fintech space, leveraging the experience and expertise of its team members and partners.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Some of the key members of NovaWulf, the digital asset investment firm that tried to acquire Celsius, have announced the creation of a new firm called Valinor, which will focus on blockchain and financial innovation opportunities. NovaWulf, the digital asset investment firm that made a bid for the bankrupt crypto lender Celsius, has closed its [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":63610,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[896,17071,13390,17070],"class_list":["post-63607","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-celsius","tag-investment-firm","tag-novawulf","tag-valinor"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/startup-project-rocket-launch.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/63607","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=63607"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/63607\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/63610"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=63607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=63607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=63607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}