Cyber Fund Launches $100M Venture Initiative To Accelerate AI, Blockchain Products
Portfolio Pulse from Murtuza Merchant
Cyber Fund has launched a $100 million venture capital division to accelerate projects combining blockchain technology and AI. The firm has previously invested in over 150 projects, including Ethereum, Dfinity, Cosmos, Solana, and Celestia. Cyber Fund has also developed products like P2P.org and Lido DAO, and through the =nil; Foundation, it has advanced cryptographic research. The new fund will focus on sectors such as advanced cryptography, DeFi, network states, cybernetic organizations, reputation systems, and AI-driven systems.
December 15, 2023 | 3:04 pm
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POSITIVE IMPACT
Cyber Fund's investment history in Cosmos and the new $100M fund focusing on blockchain and AI may have a positive impact on Cosmos' ATOM token.
As Cosmos is one of the projects Cyber Fund has invested in, the new fund could lead to further investments or projects that utilize the Cosmos network, potentially driving up the value of ATOM.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Cyber Fund's new $100M venture capital division to focus on blockchain and AI could positively impact Ethereum as it's the initial investment focus and a platform for many projects.
The new fund is likely to invest in projects built on the Ethereum platform, which could increase demand for ETH and highlight its importance in the blockchain and AI space.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Cyber Fund's new $100M fund aimed at blockchain and AI could benefit Solana, considering the firm's investment in Solana projects in the past.
Given Cyber Fund's previous investments in Solana, the new fund may continue to support projects on the Solana network, which could positively affect the demand and price of SOL.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Celestia, represented by TIA, could see a positive impact from Cyber Fund's $100M fund, as the firm has a history of investing in Celestia projects.
Celestia could benefit from the new fund if it leads to additional investments or development in projects that use Celestia's technology, potentially increasing the value of TIA.
CONFIDENCE 65
IMPORTANCE 50
RELEVANCE 50