-->
Coinbase
Crypto

Modular Capital Raises $20M from MultiCoin, Others

Modular Capital is leveraging the crypto winter to invest in DeFi, NFTs, and other Web3 projects, and Multicoin wants to have a share in it.

The crypto market is set to welcome a new hedge fund called Modular Capital that has been able to raise $20 million during the bear market under the stewardship of James Ho and Vincent Jow.

Multicoin, LedgerPrime, and FTX’s ParaFi Capital are the project investors. The fund looks to revolutionize an industry reputed for dizzying volatility and meme coins by introducing deep fundamental analysis.

NFT
NFT

Other investors include the likes of Bobby Cho, Mable Jiang, and Brad Gerstner from CMS Holdings, STEPN, and Altimeter Capital supported the fundraiser.

James Ho and Vincent Jow highlighted Modular Capital’s entrance to the market despite the bearish sentiment.

According to Ho, Modular’s aim is to collect tokens that are holding strong in the current market and make big gains in the future bull rally.

Multicoin Taps Its $430 Million Fund in Support of Modular Capital

A good time to invest according to Modular capital is that they are taking advantage of the bear market and Multicoin is looking to get a share of it.

RELATED : U.S. & UK WILL SEEK STRONGER TIES ON CRYPTO REGULATION

The current drop has resulted in a 70% drop in almost all coins in the market, with many small investors selling their coins and exiting. Some people believes that this drop is an opportunity and they can profit in the future bull run.

Last week, multicoin announced a $430 million crypto fund. They announced that the main focus of the Fund will be NFT and DeFi. Although there has been bad news in the field of defense recently, the projects that can remain strong can provide great returns in the future.

About Hama Amefiz

Amefiz is a professional blockchain, cryptocurrency and tech journalist, regular contributor to newsbsc.com who is writing analysis about the latest developments in the cryptocurrency and blockchain space.

Check Also

bitcoin

EU MPs Attack Amazon’s Participation in Digital Euro Project

A cross-party coalition of members of the European Parliament on Tuesday came under fire at …

Leave a Reply

Your email address will not be published.