Alexis Ohanian's New Crypto Token Fund Aims to Raise $177.6 Million | Crypto

Alexis Ohanian’s New Crypto Token Fund Aims to Raise $177.6 Million

– Seven Seven Six, the venture capital firm led by Reddit co-founder Alexis Ohanian, plans to raise $177.6 million for a new fund focused on investments in cryptocurrency tokens.

– The new fund, named Krypts, will be the two-year-old firms first focused exclusively on crypto.

– It will seek to take advantage of the recent monthslong sell-off in cryptocurrencies like bitcoin and ethereum, which has extended to the digital tokens issued by blockchain startups.

– The firm expects to launch the fund in October.

e3bbfa09 f119 4c8d b33c c684ffd44e84 Alexis Ohanian's New Crypto Token Fund Aims to Raise $177.6 Million

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