Tuesday Jul 30, 2024

Blockchain Boom: Fabric, Founders Fund, and Castle Island Fuel Crypto Innovation

Fabric Ventures closes a $140M venture fund and announces its growth fund's first close. Founders Fund leads an $11M investment in Igloo, Inc. for consumer-focused blockchain solutions. Castle Island Ventures spearheads a $4M seed funding round for Kintsu to develop liquid staking on Monad DeFi. Discover how these investments are shaping the future of blockchain and cryptocurrency.

Sources:
https://financialit.net/news/fundraising-news/fabric-ventures-closes-140m-venture-fund-and-announces-first-close-growth-fund
https://www.benzinga.com/markets/cryptocurrency/24/07/39936042/peter-thiel-founders-fund-lead-11m-investment-in-pudgy-penguins-parent-company-excited-to-
https://cryptoslate.com/press-releases/kintsu-secures-4m-in-seed-funding-led-by-castle-island-ventures-to-catalyze-monad-defi-with-liquid-staking/

Outline:
(00:00:00) Introduction
(00:00:29) Fabric Ventures Closes $140M Venture Fund and Announces First Close of Growth Fund
(00:03:59) Founders Fund Leads $11M Investment in Igloo, Inc. for Consumer-Focused Blockchain
(00:06:16) Castle Island Ventures Leads $4M Seed Funding for Kintsu to Develop Liquid Staking on Monad DeFi

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