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Pantera Capital’s Blockchain Fund’s Second Phase Will Begin

Pantera Capital’s Blockchain Fund’s Second Phase Will Begin

Despite the current fluctuation in the bear market, Pantera, one of the largest crypto hedge funds, decided to launch a second phase of block chain funds worth $1.25 billion (USD). The platform is currently offering funds in five platforms: Blockchain funds, Bitcoin, Venture Capital, liquid tokens and early-stage tokens.



Pantera, a San Francisco-based firm, is one of the earliest digital currency investment platforms that was founded in 2013. Last year, Pantera launched the first phase of a fund of up to $600 million (USD) to invest in liquid tokens and venture equity. The Early Stage Token Fund and Pantera Bitcoin fund, which focuses on blockchain protocols, were both consistently growing. The company introduced the Early Stage Token Fund in 2017 and raised it to 27% at the start of 2020.



It stated that staking in the blockchain gaming sector will help with emerging technologies in cryptocurrency. And the company stated that the platform was showing interest in NFT marketplaces and developing tools to invest in them. Pantera recently announced that it will invest in Revolving games, Stacked, Pinata, and unstoppable domains.



In July 2022, $65 million (USD) of series funding led by Pantera Capital helped to raise the venture capital of Unstoppable Domains up to $1 billion (USD). Unstoppable Domains is a company that uses blockchain technology to connect Web 2 and Web 3.



Matthew Gould, CEO of Unstoppable Domain, stated that “ The Web 2 era failed in terms of protecting people’s privacy and personal information. The Web 3 era holds much greater promise for giving ownership and control to the people.”



Recently, the top crypto investing firms like Dragonfly Capital have announced that the firm has increased its second phase of funds up to$125 million (USD) for investing in crypto-based infrastructure projects. Andreessen Horowitz, based in Silicon Valley, also announced plans to raise up to $1 billion (USD) in cryptocurrency firms.



In an interview, Dan Morehead said that “ I think bitcoin is going to underperform on a relative basis. Maybe Bitcoin is going to be a great investment, but I think Ethereum, DeFi and some of the other stuff in the crypto space are going to beat it on a relative return basis.” Besides Bitcoin, Pantera recognized alternative digital assets like Ethereum and DeFi.

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