{"id":39688,"date":"2021-03-27T15:27:07","date_gmt":"2021-03-27T13:27:07","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=39688"},"modified":"2025-08-30T10:50:12","modified_gmt":"2025-08-30T07:50:12","slug":"dragonfly-capital-launches-225-million-fund-to-back-nft-and-defi-investments","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/dragonfly-capital-launches-225-million-fund-to-back-nft-and-defi-investments\/","title":{"rendered":"Dragonfly Capital launches $225 million fund to back NFT and DeFi investments"},"content":{"rendered":"<p>Investment firm Dragonfly Capital has launched a venture fund with $225 million in capital, with Sequoia China participating as a limited strategic partner.<\/p>\n<figure class=\\\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\\\">\n<div class=\\\"wp-block-embed__wrapper\\\">\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-width=\\\"500\\\" data-dnt=\\\"true\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Excited to announce that we&#8217;re launching Dragonfly Fund II, a $225M venture fund to back the next generation of crypto entrepreneurs.<a href=\\\"https:\/\/t.co\/6ZqN26vSCe\\\">https:\/\/t.co\/6ZqN26vSCe<\/a><\/p>\n<p>\u2014 Haseeb \uff1e|\uff1c (@hosseeb) <a href=\\\"https:\/\/twitter.com\/hosseeb\/status\/1375466927380865026?ref_src=twsrc%5Etfw\\\">March 26, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n<\/div>\n<\/figure>\n<p>\\n\\n<\/p>\n<p>The fund is prepared to invest in projects across non-fungible tokens (NFTs), centralized finance (CeFi) and decentralized finance (DeFi), as well as Layer-2 solutions for scaling the Ethereum network.<\/p>\n<p>\\n\\n<\/p>\n<p>According to Dragonfly Capital managing partner Haseeb Qureshi, the fund will back the next generation of crypto entrepreneurs.<\/p>\n<p>\\n\\n<\/p>\n<p>The firm has struck partnerships with crypto exchanges OKEx, Huobi, Bybit and the mining equipment maker Bitmain.<\/p>\n<p>\\n\\n<\/p>\n<p>Earlier, the Ethereum network scaling solutions developer, Israeli startup StarkWare, closed a Series B <a href=\"https:\/\/u1f987.com\/en\/news\/paradigm-leads-75-million-series-b-for-starkware\">for $75 million<\/a>.<\/p>\n<p>\\n\\n<\/p>\n<p>As reported, the social media platform Nifty\u2019s <a href=\"https:\/\/u1f987.com\/en\/news\/nft-social-network-niftys-secures-investment-from-mark-cuban-and-joseph-lubin\">attracted investments<\/a> from billionaire Mark Cuban and Ethereum co-founder Joseph Lubin.<\/p>\n<p>\\n\\n<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\\\"\/\/telegram.me\/forklog\\\" target=\\\"\u201c_blank\u201d\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investment firm Dragonfly Capital has opened a venture fund with $225 million in capital, with Sequoia China participating as a limited strategic partner.<\/p>\n","protected":false},"author":1,"featured_media":39689,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1133],"class_list":["post-39688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/39688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=39688"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/39688\/revisions"}],"predecessor-version":[{"id":39690,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/39688\/revisions\/39690"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/39689"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=39688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=39688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=39688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}