1confirmation will launch a venture fund on $125 million for investments in cryptocurrency projects – Bits Media

1confirmation company, investing in cryptocurrency projects, announced the launch of a new fund for $125 million. Fund funds will be invested in cryptocurrency startups and NFT.

This is the third fund in the 1confirmation portfolio. Founder of the company Nick Tomeino (Nick Tomeino) has been working in the cryptocurrency industry for a long time. He was an employee of the Coinbase cryptocurrency exchange with 2013 by 2016 year. At this moment, According to Tomenino, under the control of 1Confirmation are assets worth more than $800 million.

“We were lucky to invest in this industry and work with these wonderful people. This is a privilege, And we definitely do not treat her frivolously. We try to contribute to the development of the cryptocurrency industry, so that the number of cryptocurrency users exceed 1 billion for five years. We are trying to support the teams, creating the most technological projects in this area ", - emphasized Tomeino.

IN 2017 year 1Confirmation has attracted more $25 Milln for investment in cryptocurrency startups. Money was invested in such projects, Like Dydx, Forte, Coinbase, OpenSea, Tendermint, Veil and Bloxroute.

Previously reported, that the subsidiary of a large Chinese commercial bank China Merchants Bank, together with the Nervos Foundation, plans to launch the fund in volume $50 million for blockchain investments.