.cryptocom Capital has hired former tech journalist jonrussell as a limited partner as part of its Web 3 plan. thesamreynolds reports.
Capital initially launched the fund in March 2021 with $200 million in capital, targeting seed and Series A deals in verticals like DeFi, NFTs, blockchain gaming and the metaverse.co-founder Bobby Bao and is hiring more LPs around the world. Russell will help expand the fund’s exposure to Asia-based projects.
Russell told CoinDesk that the fund is set to more than double its sizeand an announcement is expected in the coming days.Asia is quickly developing an immense institutional appetite for digital assets.
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