Blockchain Founders Fund II: A New Chapter for Crypto and Web3 Investments

Breaking Ground with a $75 Million Venture

In a bold move that should have crypto enthusiasts buzzing, the Singapore-based Blockchain Founders Fund has rolled out its new capital-packed adventure known as Blockchain Founders Fund II (BFF II). With a hefty $75 million raised from an impressive lineup of investors, BFF II is set to dive into the innovative realms of cryptocurrency, metaverse, and Web3 projects.

Meet the Contributors

Backing BFF II are significant players from the world of blockchain and crypto, including NEO Global Capital, Appworks, Baksh Capital, Octava, and none other than Sebastien Borget, COO of The Sandbox. It’s basically a dream team of digital asset aficionados. Together, they’re not just putting their money where their mouth is; they’re investing it strategically in a plethora of projects across the blockchain universe.

A Glimpse of Deployment and Prospects

BFF II has already deployed funds into 11 promising projects, showcasing its commitment to diverse digital expressions. These projects include:

• A layer-two derivatives exchange – a must-have in the trading toolkit!
• Multiple play-to-earn games – because who doesn’t want to play for profit?
• A DeFi protocol – unlocking the next level of financial innovation.

But wait, there’s more! Successful startups can snag an additional $5 million in funding to keep the momentum going in subsequent rounds. Talk about a juicy carrot!

What Sets BFF II Apart

According to BFF partner Mansoor Madhavji, it’s not just about throwing money at the wall and seeing what sticks. “Operational experience” is a key factor in the decision-making process. They’ve got their sights set on companies that not only have a solid product-market fit but are also setting the stage for future trends in the ever-evolving crypto space. It’s like finding the golden egg in a chicken coop—trickier than it sounds!

Investor Perception Amid Market Volatility

Now, let’s talk about market sentiment. Despite Bitcoin doing the limbo dance below $34,000 amidst a steep selloff, savvy investors are viewing digital assets as a once-in-a-generation opportunity. Raoul Pal, founder of Real Vision, casually boasts that he “hasn’t touched a thing” regarding his crypto holdings, echoing a sentiment that many investors appear to share.

The Big Picture

Venture funds, undeterred by the market’s rollercoaster vibes, have demonstrated unwavering commitment to the blockchain sector. In fact, according to PitchDeck, over $17 billion was deployed into blockchain and crypto projects during the first ten months of 2021 alone. It’s clear that investors are gearing up for a future that’s as digital as your grandma’s old emails!