Dragonfly Capital Aims to Raise $500M Fund: Bloomberg
Dragonfly closed its third fund, worth $650 million, in April 2022, shortly before the onset of the crypto bear market.
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dragonfly capital
Dragonfly closed its third fund, worth $650 million, in April 2022, shortly before the onset of the crypto bear market.
The fresh round of capital will go towards building out the MegaETH protocol, with the aim of having a testnet go live in the next few months.
Already a multi-billion-dollar sector of the crypto industry, the DePIN narrative is a promising one, according to experts.
Ethena’s USDe “synthetic dollar” is independent from the traditional financial system and aims to offer a dollar-denominated, yield-bearing savings vehicle for investors outside of the U.S.