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Ether.fi launches a $40 million venture capital fund to support encryption project founders.
BlockBeats news, on April 29, the Ethereum re-staking protocol Ether.fi announced the launch of a $40 million venture capital fund, ether.fi Ventures Fund I, to support founders of projects in the encryption industry. The venture capital fund team members have previously invested in early-stage projects including Monad, Ethena, Usual, Plume, Nous Research, Chaos Labs, Lombard, Veda, Redstone, and Hypernative. The venture capital fund ether.fi Ventures Fund I has now disclosed its first batch of investment projects, which are Resolv, Rise Chain, and Symbiotic.