Morgan Creek Intends to Create $500 Crypto Fund

To realize this goal, Morgan Creek acquired a Full Tilt Capital venture company based in North Carolina
28 March 2018   449

The founder of Morgan Creek Capital Mark Yusko said that his company plans to raise $ 500 million of investment to create a new hedge fund focused solely on crypto-assets and other blockchain-based solutions. This is reported by CCN.

Morgan Creek believes blockchain to be one of the most powerful and valuable technologies to have been developed in the digital age and also believes that the disruptive power of the application of blockchain technology across all asset classes will create enormous investment opportunities.
 

Mark Yusko

Founder, Morgan Creek

To realize this goal, Morgan Creek acquired a Full Tilt Capital venture company based in North Carolina, which specializes exclusively in crypto assets investing.

According to managing partner of Full Tilt Anthony Pompliano, the new fund, perhaps, will be engaged in tokenization of real estate, as well as investments in debt and other types of assets. However, he does not rule out that, because of these areas of investment activity, the company may face regulatory difficulties.

If Morgan Creek successfully attracts $ 500 million, this amount will be approximately 25% of the total assets under the company's management, which will make the new hedge fund the largest in the cryptocurrecny market.

SoftBank & Baidu to Invest in Atlas Protocol

Atlas Protocol was created by Nebulas Labs and xGoogler Blockchain Alliance
21 August 2018   130

The Atlas Protocol marketing module (ATP) has completed a round of attracting initial funding, led by SoftBank China Venture Capital (SBCVC), having collected several million dollars during it.

In a multimillion-dollar round, the exact amount of which was not disclosed, Baidu Ventures (BV), Danhua Capital and Fenbushi Digital also took part.

Atlas Protocol was created by Nebulas Labs and xGoogler Blockchain Alliance (xGBA). The "first developer" of Google Adwords, Jeremy Zhao and Columbia University Professor Ronggui Gu will serve as project advisors on technical issues.

Atlas Protocol plans to create a blockchain ecosystem and "to form a new paradigm of interactive marketing." According to the press release, ATP allows you to rank "calculated values ​​on the block and transfer value using tokens" using the ATP Smartdrop service application.

xGoogler Blockchain Alliance was formed in April this year as a community of former Google employees interested in blockchain technology. Its founders were the developers of projects Nebulas, Loopring and Gifto.