Block Labs, Pantera Capital, Three Arrows Capital, Jump Crypto, Coinbase are among the largest venture funds in the market, some of which went bankrupt in the 2022 crash. According to a new study, these VCs are currently focused on altcoin projects like MATIC and FXS.
Here are the altcoin projects bought by famous VCs
A crypto researcher posted a tweet in which he researched the top cryptocurrencies among top venture funds like Wintermute, Dragonfly, and Amber Group…
According to the post, Dragonfly’s portfolio balance has increased by almost 39.2% over the past thirty days. This is primarily due to the massive Lido DAO (LDO) worth over $40 million. LDO makes up about 48% of their portfolio, with Toncoin (TON) the second largest holding.
The data shows that Amber Group recently acquired Fetch.ai (FET), which makes up about 60% of their portfolio. This FET was transferred from a Binance hot wallet on the 14th of February.
Wintermute holds these 3 altcoins
Wintermute also seems to be an LDO fan, with the altcoin accounting for around 17% of their portfolio. VC also has lots of Gala (GALA), dydx (DYDX), and Polygon (MATIC). The analyst concluded the tweet by summarizing that some of the largest VC holdings include LDO, MATIC, DYDX, Hashflow (HFT) and GALA.
Top 10 crypto VC firms of 2023
In the rest of the article, let’s take a look at the biggest venture funds in the market right now and what they’ve been up to lately. Crypto VC firms are venture capital firms that specialize in investing in cryptocurrency-related projects and startups.
For example, Pantera Capital is a fund focused on Blockchain technology and crypto-related investments. The company has invested in over 75 companies in ten countries and has more than $650 million in assets under management. Notable investments include Bitstamp, Circle, and Coinbase.
Alchemy Ventures is a venture capital firm that invests in early-stage decentralized computing and emerging blockchain technologies. The company invests in startups working on scaling, security, privacy and marketplace solutions for web3 applications.
Andreessen Horowitz is one of the leading venture capital firms in the blockchain and cryptocurrency space. Provides deep market knowledge and technical support to portfolio companies. Founded by Marc Andreessen and Ben Horowitz, a16z crypto has invested more than $1 billion in Web3 projects since its inception. The firm is rapidly actively investing in multiple phases of projects.
The research we quoted as Kriptokoin.com shows that Dragonfly Capital has a large Lido DAO with more than $ 40 million. Amber Group recently added FET, which makes up about 60% of its portfolio.
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