Crypto-focused venture capital firm Polychain Capital has made users wonder which projects it will invest in for the 200 million fund it has just collected.
of Fortune 18 July Crypto-focused venture capital firm Polychain Capitalestablished the fourth fund at first closing 200 million dollars in funding. in total 400 million your dollar just under hundreds of millions of dollars of fund with an investment objective which projects was the main curiosity of crypto users.
A source familiar with the subject Ethereum on construction He stated that he would focus on built structures. In this context, Ethereum layer-2 (L2) networks, which the company has invested in in the past, Arbitrum (ARB) And scroll as well as networks EigenLayer It was also stated that it will pay special attention to Ethereum-based projects such as In line with this, the company Optimism (OP) like other Ethereum layer-2 It has been suggested that he may also scrutinize his networks. Fund to Ethereum directly There is no question about whether there will be an investment or not. information not provided.
Management of Polychain 2.6 billion dollar It has 3 funds Considering this, it is thought that the companies it will invest in will perform well.
On the other hand, within the scope of the new fund, the resources are in the employee structure of the company. partial One change He said he was going. Within the scope of personnel change, 25 persons from the team of three researchers to your post end given and in return data science in the field specialized A new employee was hired. Also one of the partners Niraj Prant also independent to start an initiative leaving the company learned. According to sources, the change is Polychain’s changing priorities reflected.
polychain, 2016 Coinbase’s first employee Olaf Carlson-Wee was founded by Rapidly gaining prominence in the crypto venture capital space, decentralized cryptocurrency exchange Uniswap (UNI) led investments.