Blockchain Capital Announces Closing of Two New Funds Worth $580M

Blockchain Capital will close the fund on investing in gaming and DeFi

Venture capital group Blockchain Capital has announced the closing of two new funds, totaling $580 million, for investment in infrastructure, gaming, DeFi, and consumer and social technologies. The funds consist of Blockchain Capital's sixth early-stage fund and its first "opportunity fund," which serves as an avenue for companies that have already secured significant funding elsewhere. The funds will focus on utilizing blockchain technology to realign incentives, rebuild user trust, and reshape the social contract in our increasingly digital world, rather than being confined to specific sectors. These funds represent some of the largest in cryptocurrency or blockchain history for Blockchain Capital.