The check sizes from the fund will be in the area of $500,000 to $6 million, with BlockTower preferring to lead or co-lead the rounds. The capital will be deployed over roughly three years, a deadline that’s flexible, though BlockTower has no plans to burn through the fund in less than a year like some other crypto-focused VC firms, said Klocanas.
Blockchain Powers Jack Ma’s $8-B Ant Group Energy Asset Strategy
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