TL;DR
Galaxy Ventures, is placing a bit of its $113M fund into financialized functions, which we’re hoping begins a development main away from constructing infrastructure, and in direction of blockchain apps.
Full Story
Galaxy Ventures, simply raised $113M to put money into early-stage firms constructing crypto protocols, software program infrastructure and financialized functions.
That’s not a complete lot within the grand scheme of issues, however the final two phrases of that announcement are getting us excited.
Over the previous yr or so, most funds/VC’s have been closely targeted on investing in infrastructure performs, whereas blockchain apps have gotten the chilly shoulder.
Which stinks, trigger the blockchain area presently has extra infrastructure than it is aware of what to do with — and only a few apps.
It’s type of like having an web connection with none web sites to go to.
(Please, for the love of god, we’d like one thing to do with our crypto outdoors of staking).
Right here’s why these two phrases being included within the fund’s press launch is one thing value getting enthusiastic about:
It takes large names to shift a development within the investing world, and Mike Novogratz’s Galaxy Asset Administration is among the most revered names within the area.
Godspeed, Mikey boy.
Godspeed.
