Pantera Capital to Raise $160M For New DLT Fund

However, the company did not reach its stated goal of $ 175 million and it had already invested $ 38 million from the Venture Fund III in 11 projects
27 March 2019   365

Venture firm Pantera Capital, focused on the blockchain space, announced the completion of raising funds for its new fund, after it managed to raise $ 160 million. The company did not reach its stated goal of $ 175 million, a monthly official letter published this Wednesday shows.

According to the announcement, the Californian company has already invested $ 38 million from the Venture Fund III (VFIII) fund in 11 projects. In total, Pantera intends to finance 35 companies with an average transaction size of $ 3.5 million and a target share in each of them about 11%.

The venture firm relies on infrastructure projects and cryptocurrency exchanges and to date has allocated 35.1% and 29.4% of VFIII capital to finance these sectors, respectively.

Some of the most successful investments in our previous two venture funds have been cryptocurrency exchanges and we still think there’s opportunity to invest in them. To date, 29% of Venture Fund III’s capital has been invested in this category. With VFI and VFII, we invested in two types of exchanges. First, we were investing in exchanges for buying and selling Bitcoin. Then, as some of the exchanges were bound in overseas jurisdictions, we invested in more exchanges set up geographically. With VFIII, we are investing in two types of exchanges. The first is institutional-grade exchanges, like the Fund’s first investment, Bakkt. The idea with Bakkt is that, if you’re a hedge fund on Wall Street, a high-frequency trader, or anybody who is used to trading on traditional exchanges, this is the exchange you would go to trade cryptocurrencies.
 

Pantera Capital

In February, it became known that in the previous six months Pantera was able to raise $ 25 million and had capital of $ 125 million for VFIII. Thus, over the past month, the company has raised another $ 35 million, which is consistent with its optimistic outlook on the opportunities that exist in the blockchain space and cryptocurrency.

EOS to Buy $30M Worth Domain For Its Social Network

Earlier, CEO reported that his company will spent about $150M to develop Voice, and looks like "voice.com" purchase for $30M is one of the first steps
19 June 2019   146

The Block.One company, known for developing the EOS blockchain protocol, acquired a domain for its new social network Voice for $ 30 million. This is evidenced by documents published on the website of the US Securities and Exchange Commission (SEC).

Documents were provided by MicroStrategy, an analytical and mobile software provider. It follows the “voice.com” domain, registered in the GoDaddy domain name registry, was transferred to the EOS developer on May 30, 2019. After 2 days, Block.One officially announced preparations for the launch of a social network.

Block.one has made a smart strategic decision in choosing Voice.com to be the internet domain name for its new social media platform. The word ‘voice’ is simple and universally understood. It’s also ubiquitous — as a search term, it returns billions of results on the internet. An ultra-premium domain name like Voice.com can help a company achieve instant brand recognition, ignite a business, and massively accelerate value creation.
 

Marge Breya 

Senior Executive Vice President and Chief Marketing Officer, MicroStrategy Incorporated. 

The commercial model of MicroStrategy is based, among other things, on the accumulation and sale of such expensive domain names.

According to Block.One, the identification of users and the use of the EOS blockchain in the social network will help to avoid the massive influx of bots, which often affect other members of this niche. Earlier, CEO Block.One Brendan Blamer reported that his company spent about $ 150 million to develop Voice.