Pantera Capital’s blockchain fund has $1B in commitments

03/11 03:54

According to Blockworks, Pantera Capital has $1 billion in commitments for its blockchain fund and will close the vehicle to new investors in April. The blockchain-focused asset manager announced in May that it was looking to raise $600 million for the fund. It is available only to qualified purchasers and has a minimum investment of $1 million. Pantera Blockchain Fund has invested in 44 early-stage token projects and venture equity deals to date. The firm has led or co-led 26 deals and more will be announced in the coming months.“The gaming sector is going to be a huge sector for years to come in this space,” Veradittakit noted. “It’s very practical, is pretty easy for people to use and simpler to understand than things like DeFi.” Pantera is also seeking to invest in NFT (non-fungible token) marketplaces, platforms and developer tools to make it easier to build within the growing space.“
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