1confirmation launched a $ 45 million fund and predicted an increase in cryptocurrency capitalization to $ 1 trillion

1confirmation venture capital firm has launched a $ 45 million fund to invest in cryptocurrency startups, said Coinbase and Nick Tomaino, the head of the company.

Some lessons learned 2 years into running @ 1confirmation and thoughts on where the cryptocurrency industry is headed https://t.co/d953g2UYfh

– Nick Tomaino (@NTmoney) September 25, 2019

The value of assets managed by the company exceeded $ 75 million.

Two years ago, the company raised $ 26 million under the first fund from billionaire Mark Cubean, Thiel Capital, Runa Capital and Real Ventures, with a focus on seed rounds. The fund's portfolio included projects such as bloXroute, Coinbase, Commonwealth, dYdX, Forte, Harbor, OpenSea, Tendermint and Veil.

Tomaino is convinced that the cryptocurrency market capitalization will reach $ 1 trillion in five years.

Chapter 1confirmation believes that Bitcoin will remain the market leader, which will turn into a means of savings. At the same time, the Ethereum network will become the main platform for DeFi services, he is sure.

According to media reports, the initial goal of the second fund was a mark of $ 60 million.

Recall that in March, Pantera Capital venture capital firm raised $ 160 million for the Venture Fund III investment project.

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