By Max - Cryptocurrency Consultant - 30-11-2021
Recently, a previous Citi employee is releasing a new investment venture dubbed as Hivemind Capital. Matt Zhang, who formerly worked in Citi in a leading role, has announced that his latest project will see its debut soon. According to Zhang, the goal behind the venture firm is to institutionalise crypto market investments. Hivemind Capital reportedly has a $1.5 billion venture capital pool, which allows the company to invest in various projects. The money is specifically allocated to initiatives such as crypto gaming, decentralised blockchain technology, Non-Fungible Tokens (NFTs) and similar investments.
The reason for the company dedicating its capital pool toward crypto and blockchain-backed projects is because Zhang believes that the technology behind the investments represent “a paradigm change.” He goes on to say that we are still in the early stages of development when it comes to advanced technology and the new digital age. With his beliefs in mind, Zhang looks to invest in entrepreneurs that have a real vision for the future and provide them with funding and infrastructure solutions. More specifically, Zhang stated that Hivemind Capital will be funding mostly cryptocurrency exchange platform as well as the crypto startups and the play-to-earn gaming industry.
Hivemind will also reportedly be putting money towards projects like programmable money, cryptocurrency, blockchain protocols, and crypto infrastructure. By investing in various projects and companies as well as supporting them with solutions, Zhang hopes he can make crypto assets institutional.