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Former Polychain partner launches $125 million crypto fund with goal of DAO transition

Tekin Salimi, a former general partner at Polychain Capital, has launched a $125 million crypto investment fund called dao5 that will seek to provide early-stage backing for projects across several sectors in the cryptocurrency space. Dao5 will commit to pre-seed and seed-stage investments in verticals like privacy tech, decentralized finance (DeFi), non-fungible tokens (NFTs), Decentralized Autonomous Organizations (DAOs), and Layer 1 blockchain infrastructure, according to a statement on Wednesday. Avalanche founder Emin Gün Sirer and Terraform Labs CEO Do Kwon …

Former Wall Street banker launches $1.5 billion crypto venture fund

Former Citigroup executive Matt Zhang has launched a $1.5 billion crypto venture fund called Hivemind Capital Partners, according to an announcement on Monday. Hivemind, a new crypto investment outfit based out of New York will focus on four strategies — yield staking, trading, venture capital investments, and play-to-earn (P2E) gaming. Following its interest in the latter area, the company has also hired former Goldman Sachs analyst Sam Peurifoy. Peurifoy quit his job at Goldman Sachs to pursue a career in …