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According to a report by Axios, venture capital firm Standard Crypto has raised a new fund of $500 million.
Axios cites a source familiar with the process. According to the report, the fund will “invest in both stocks and cryptocurrency.”
In an interview with The Scoop podcast earlier this year, co-founder Alok Vasudev talked about non-fungible tokens and decentralized autonomous organizations (DAOs) as areas of interest to venture capital firms like Standard Crypto.
“We have always compared ourselves with the followers of entrepreneurs, not with excessive topics regarding where things are going, and try to develop too many theses specific to the fund,” Vasudev said at the time.
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