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Blockchain News

Protagonist Debuts $100M Crypto Fund for Blockchain Adoption

The crypto fund is set to support the development and adoption of promising blockchain protocols.

Written By Richa Bhagat Richa Bhagat
Published July 13, 2022 1:34 PM·Updated 2 years ago
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Protagonist Debuts $100M Crypto Fund for Blockchain Adoption

A crypto fund and incubation lab, Protagonist, officially announces the launch of its debuting $100 million crypto fund. Protagonist aims to invest and incubate early-stage companies in the gaming, infrastructure, emerging blockchains, security, and privacy sectors with the fund.

https://twitter.com/DylanMacalinao/status/1546884030431432706

The General Partners (GPs) of Protagonist hail from a background of launching “innovative crypto, consumer, and fintech companies,”. As a result, their robust investment and incubation experience, continues to support promising web3 ventures.

Also Read: Konvoy Secures $150M Fund III for Web3 & Blockchain Gaming

The leadership of Dylan Macalinao, Ian Macalinao, George Bousis, and Harry Hurst, allows Protagonist to lead with confidence. Protagonist supports the capital and expertise needs of various companies looking to launch products in the market. It, for instance, contributes code and refines their token models.

Protagonist’s portfolio companies include:

  • Aptos, a Layer 1 blockchain builder 
  • Cardinal, a Solana Protocol
  • Cogni, a digital banking and lifestyle service

“Protagonist is focused on investing in and incubating the core protocols that will support the emerging Web3 ecosystems. There will continue to be multiple thriving blockchain networks as each chain forms its own niche of applications and primitives in the next 20 years,” notes Dylan Macalinao, General Partner, Protagonist.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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