Sunday, June 20, 2021
Home Uncategorized About 30% Of Union Square Ventures New $250 Million Fund Will Be...

About 30% Of Union Square Ventures New $250 Million Fund Will Be Invested In Cryptocurrency Industry

- Advertisement -

Investment firm Union Square Ventures launches new $250 million Fund. About 30% of the fund are planned to be invested in the cryptocurrency industry. In an article on the company’s blog, Union Square Ventures managing partner Andy Weissman said that the new fund will be called the 2021 Core Fund.

Investments in cryptocurrency companies and assets is becoming an essential part of  investment firms so according to Weissman,

a significant part of the investment about 30%, will go to the cryptocurrency industry.

We will directly buy and store tokens, as well as invest in new projects working in the field of blockchain. We believe that decentralized systems are still at an early stage of development. We are seeing the adoption of such systems and seeing a lot of potential in cryptocurrency industry,  Weissman wrote.

Earlier Union Square has already invested in the cryptocurrency industry-funds like Coinbase, Polychain Capital and Dapper Labs.

Buy and Sell Cryptocurrency at Paybis

Also, It was reported that in February 2021, Galaxy Digital will launch three new cryptocurrency funds based on ETH.

Read: According To Investors Document, Galaxy Digital Will Launch ETH-Based Funds In Feb 2021

- Advertisement -
I am the editor-in-chief of The Crypto Basic. Love to get involved in cryptocurrencies. I am in crypto since 2014. I like the way blockchain is progression, being adopted by large firms and in most parts of our lives. We are early adopters and followers of blockchain, and time will surely come when our success factor will be blockchain.


Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Report: Bitcoin Whales Holdings Are Rising As BTC Whales Are Buying The Dip And Not Selling

Santiment on-chain data analytic firm reports that Bitcoin whales are still buying the dip and not selling their BTC holdings. They are taking advantage...

Weiss Ratings Shows Cardano, Polkadot, Cosmos, Atom, And Fantom Technologies Are Superior Than Ethereum

Global ranking firm Weiss has released a report showing five altcoin with technology superior to the world's second-largest coin, Ethereum. ...

In A Recent 5 Hour Interview With Lex Fridman, Charles Hoskinson Said Cardano Is Far Better Than Bitcoin And Ethereum

In a latest interview with well-known You tuber Lex Fridman (Video Below With Timeline) Charles Hoskinson said that Cardano (ADA) is better than Bitcoin,...

Grayscale Assets Under Consideration List Move To A Total Of 31, Adding 13 New Coins Today

Grayscale seeks to increase its assets under management with the asset manager taking a key interest in DeFi focused crypto-assets according to the latest...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.

follow us in feedly