In a recent development, the hosts of the popular Bankless podcast, David Hoffman and Ryan Adams, have revealed that they are raising a $35 million crypto venture fund. This news has been met with much excitement from the crypto community, as Hoffman and Adams are well-respected figures in the space.
The Bankless podcast is one of the most popular podcasts in the crypto space, with over 100,000 monthly listeners. Hoffman and Adams have been hosting the show since 2018 and have gained a large following due to their insightful commentary and analysis on the crypto markets. With the launch of their venture fund, Hoffman and Adams are looking to invest in promising projects in the space.
The fund will be managed by Hoffman and Adams, along with a team of experienced investors. They have already received commitments from some of the biggest names in the crypto world, including Andreessen Horowitz, Polychain Capital, and Coinbase Ventures. The fund will focus on early-stage investments in blockchain projects, with a focus on DeFi and Web3 protocols.
Hoffman and Adams have stated that they are excited to be able to use their platform to help support promising projects in the space. They have also said that they plan to use their influence to help spread awareness about the projects they invest in. This is an exciting development for the crypto space, as it shows that more established figures in the industry are taking an interest in investing in promising projects.
It will be interesting to see how Hoffman and Adams’ venture fund performs in the coming years. With their experience and connections in the crypto space, they are well-positioned to make successful investments. Their fund could prove to be a major catalyst for growth in the industry, as it will provide much-needed capital for projects that may not otherwise have access to it.
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