Enterprise capital agency CMCC International is concentrating on $300 million value of investments for its newest crypto fund with the backing of traders, akin to billionaire Richard Li and Gemini co-founders, the Winklevoss twins.
- Richard Li, who backed CMCC’s earlier crypto token fund, will roll over to the newest fund together with different current traders, Bloomberg reported on Friday.
- Gemini co-founders Cameron and Tyler Winklevoss are stated to be traders within the new fund.
- CMCC International, which was based in 2016, was an early investor within the Solana blockchain having invested $1 million in a non-public token sale in 2018. The VC has additionally backed different blockchain initiatives like Cosmos and Terra.
- CMCC co-founder Charlie Morris stated that the agency plans to assign a part of its newest fund to areas, akin to decentralized finance (DeFi) and non-fungible tokens (NFTs).
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