Should investors begin viewing the ongoing crypto winter as an opportunity?
Alexis Ohanian’s venture capital firm Seven Seven Six is raising $177.6 million for a new crypto-focused fund called Kryptós. Founding partner Katelin Holloway told The Information the fund has a unique opportunity to pick up Bitcoin and Ethereum at a steep discount.
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One VC firm is shaking off the bitter cold…Alexis Ohanian’s venture capital firm Seven Seven Six is raising nearly $200 million for a new crypto-focused fund called Kryptós.
The fund is planning to raise $177 million and has cited crypto winter as a way to enter into the industry while buying up bitcoin and ethereum at what they believe is a discount. The Information first reported on the fund, and founding partner Katelin Holloway said everything’s on sale.
Both Ohanian and Serena Williams have been heavily involved int he crypto space, with Williams joining boards such as Sorare and investing in apps. Ohanian, meanwhile, has made predictions that play-to-earn crypto games will become even more popular. So, with Williams leaving tennis and Ohanian taking advantage of crypto winter, what’s next for the power couple?