The investment company CoinFund has raised $83 million in a funding round to develop various cryptocurrency startups and initiatives.
According to Cointelegraph, the round was led by venture firm Venrock. No other investors in CoinFund were disclosed.
The fund focuses on supporting DeFi projects, NFT marketplaces and various blockchain initiatives.
Back in 2021, CoinFund led a funding round for the smart-contract platform Moonbeam, the NFT marketplace Rarible and the liquid staking service ClayStack, and invested in Flare Network.
The fund plans to launch a new investment instrument for NFT companies.
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