Co-founder of Ethereum Vitalik Buterin resigned as a general partner of the Chinese venture fund Fenbushi Capital, specializing in investing in blockchain start-ups. This is reported by TechCrunch.
On the company's website, Buterin is still listed as the general partner of Fenbushi Capital. Nevertheless, he himself confirmed that he no longer holds this post, but he will retain the role of adviser to the fund.
Fenbushi Capital Team
2017 really has been the year where hype in crypto, including financial hype and social hype in general has far exceeded the reality of what existing blockchain systems can offer. There is a lot of attention, and a lot of eager expectation, but as far as reality goes the practical usability of blockchains has in some cases even regressed due to rising transaction fees.
I expect 2018, at least within the Ethereum space that I’m best able to speak about, will be the year of action. It will be the year where all of the ideas around scalability, Plasma, proof-of-stake, and privacy that we have painstakingly worked on and refined over the last four years are finally going to turn into real, live working code that you can play around in a highly mature form in some cases on testnets, and in some key cases even on the public mainnet. Everyone in the Ethereum space recognizes that the world is watching, and we are ready to deliver.
Founder of Ethereum
Founded in 2015, the Fenbushi Capital fund with assets of $ 50 million was one of the first to provide seed investment to blockchain startups and participate in the ICO. During its existence, the fund invested in dozens of companies, which, of course, facilitated communication with the creator of Ethereum.