In a move that could have major implications for the cryptocurrency industry, two of the hosts of the popular Bankless podcast have reportedly launched a $35 million crypto venture fund. According to sources close to the project, the fund will be used to invest in early-stage crypto startups and projects.

The two hosts, Ryan Sean Adams and David Hoffman, have been vocal proponents of cryptocurrency and blockchain technology for some time. They have been active in the space since 2017, when they launched the Bankless podcast. The podcast has become one of the most popular in the space, with over 1 million downloads since its launch.

The venture fund is reportedly backed by a number of high-profile investors, including Coinbase Ventures, Digital Currency Group, and Polychain Capital. It is believed that the fund will focus on investing in early-stage projects and startups that are working on innovative solutions for the cryptocurrency industry.

The launch of the venture fund is likely to be welcomed by the cryptocurrency community, as it will provide much-needed capital to early-stage projects and startups. This could help to accelerate the development of new technologies and applications in the space, which could benefit the entire industry.

It remains to be seen how successful the venture fund will be, but it is certainly an exciting development for the cryptocurrency industry. With two of the most well-known figures in the space behind it, it could be a major force in helping to drive innovation and growth in the industry.

Source: Plato Data Intelligence: PlatoAiStream