Series funding rounds have sprung back, albeit still remaining well below their all-time highs of $4.5 billion in monthly deals during the previous crypto market cycle.
Venture capital (VC) funding rounds are soaring as the crypto bull market is back and firing on all cylinders.
On May 16, crypto venture firm Aquarius announced the launch of a $600 million multistrategy liquidity fund to help blockchain foundations and ecosystem projects boost on-chain liquidity. In a statement to Cointelegraph, Aquarius staff mentioned that the strategy fund is supported by “Bitrise Capital, various leading miners, family offices, and influencers.”
In addition, the $600 million strategy fund will help blockchain infrastructure, decentralized finance, artificial intelligence, the Bitcoin (BTC) ecosystem, modular architecture and early-stage data layer projects build their communities alongside developing go-to-market products. “As the first institutionalized fund of its kind, it systematically manages on-chain liquidity and assists various blockchain foundations and ecosystem projects in meeting their liquidity needs,” wrote Aquarius.
Go to Source
Author: Zhiyuan Sun
