Dragonfly Capital launches a new fund at $225 million for investments in DeFi and NFT – Bits Media

Cryptocurrency venture company Dragonfly Capital announced the launch of the new Dragonfly Fund II investment fund $225 million, which will invest in projects in various fields of blockchain.

It is assumed, that fund funds will mainly be invested in projects, working in the decentralized financing sectors (DeFi), Il enough tokens (NFT), as well as solutions of the second level for scaling the Ethereum network, Projects, built on such decisions, and companies, creating infrastructure for centralized financing.

The strategic partner of the new fund was the Chinese unit of the company Sequoia Capital. Also, OKEX exchanges were invested in the fund, Huad и Bybit, as well as the manufacturer of Bitmain mining equipment. Dragonfly Capital managing partner Hasib Kureshi (Haseb Qureshi) said:

"Together with leaders from American technological and venture companies, we have a great opportunity to help unite and develop the cryptocurrency industry".

In early March, the venture company FD7 Ventures launched a similar fund with volume $250 million, which will support projects, working on blockchains Cardano and Polkadot.