One of the oldest venture crypto companies has announced a rebranding
Date: 2023-07-28 Author: Karina Ziganova Categories: BUSINESS
Blockchain Capital, one of the oldest venture capital firms in the crypto space, has launched a new program aimed at post-investment support for founders and rebranded. Writes about it The Block
Blockchain Capital General Partner Kinjal Shah stated that the new program, called Build, will focus on talent, go-to-market strategy, and affiliate network.
"It is important for founders to understand that we are not just a capital provider, we are working to ensure the growth and long-term success of the company. And our task is to make sure that such an understanding is present," he explained.
According to Shah, Blockchain Capital helps founders develop project tokens as part of the new Build program. In his opinion, the issues of inflation, deflation, supply and circulation of tokens, as well as incentives for their use, will become a priority in the design of cryptocurrency companies.
The interest of American startups
Shah noted that the venture capital firm has noticed a growing interest in U.S. startups to expand overseas.
"We're seeing more and more U.S. companies entering international markets. They are looking for jurisdictions with clear regulation and want to leave themselves a choice in this matter," he added.
Now the company is evaluating the advantages of several fashionable international crypto centers. In particular, we are talking about the European and Asian regions, as well as "other potentially pleasant and friendly jurisdictions."
Investments in the crypto sector have updated the maximum
Meanwhile, last month, crypto investment products recorded their biggest weekly inflows since July 2022. In addition, total assets under management in crypto investment products also reached an annual high, exceeding $37 billion and recouping losses since the bankruptcy of hedge fund Three Arrows Capital.
Analysts point out that investors continue to invest in bitcoin, despite the growing pressure of the US Securities and Exchange Commission. At the same time, American banks and financial companies often do not buy cryptocurrency directly, but are purchased with shares of an analytical software provider, for example, MicroStrategy.
