Venture firm Pantera Capital is looking to raise $1 billion for a new cryptocurrency fund. Pantera Fund V will focus on seed capital, early-stage tokens, and liquid tokens, among other assets. Meanwhile, Pantera Capital participated in the FTX auction and purchased another 2,000 SOL tokens. Additionally, Pantera Capital participated in the Series A financing round of web3 gaming company InfiniGods.
Pantera Capital has rolled up its sleeves for a new cryptocurrency fund!
cryptokoin.comAs you follow from , institutional interest in the cryptocurrency space is increasing. According to sources, Pantera Capital wants to raise $ 1 billion for a new cryptocurrency fund. The fund, called Pantera Fund V, will focus on seed capital, early-stage tokens and liquid tokens, among other assets, the source said.
Pantera had previously sought to raise $1.25 billion for a second Blockchain fund in September 2022. The source stated that the $1.25 billion fund and the $1 billion Pantera Fund V are separate. Pantera has $5.2 billion in assets under management across three funds. Meanwhile, Pantera has invested in more than 180 startups to date. In this field, it is one of the most active cryptocurrency investors.
Pantera Capital received additional SOL from FTX sale
Pantera Capital purchased more Solana (SOL) tokens through FTX’s ongoing asset liquidation. This purchase is part of a larger effort to sell $2.6 billion worth of Solana tokens, a significant portion of which was sold in previous auctions. The price per token was not disclosed in this private auction. However, it is higher than previous sales despite its association with FTX, according to sources. The giant investment firm purchased approximately 2,000 SOL tokens in the sale.
Investment from Pantera Capital to web3 game company InfiniGods
The investment firm took part in the $8 million Series A financing round for InfiniGods. Pantera Capital led this funding round. Pantera Capital praised the InfiniGods team’s efforts in web3 mobile games. He said InfiniGods transforms web3 mobile games into a more inclusive and accessible technology platform.
InfiniGods released its first game in beta, InfiniMerge, in January 2023. With an ancient Greek theme, this merge game requires players to combine similar items or their upgrades. It also develops other mobile games such as InfiniGods, King of Destiny and Immortal Siege. InfiniGods stated that the financing provided by Pantera Capital allows the leadership of mobile games and the expansion of Blockchain infrastructure on a global scale.
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!