Ethereum OGs earmark $100 million to invest in crypto, AI and robotics | Headlines | News | CoinMarketCap
12/15/2023 05:46
Early Ethereum investors Konstantin Lomashuk and Vasiliy Shapovalov are re-upping their financial interests in new technologies with the …
Early Ethereum investors Konstantin Lomashuk and Vasiliy Shapovalov are re-upping their financial interests in new technologies with the "re-launching" of an investment firm called cyber.Fund, which plans to invest $100 million of the founders' capital.
"This new $100 million fund will serve current portfolio companies and as well as service new projects and teams," cyber.Fund said in a post to X on Thursday. "Its mission is to accelerate the transition to an open cybernetic economy by backing entrepreneurs innovating in blockchain, AI, robotics and adjacent technologies."
Cyber.Fund is headed by Konstantin Lomashuk and Vasiliy Shapovalov, both of whom say they invested in Ethereum in 2014. When asked why now, Lomashuk told The Block the motivation centers around furthering the …