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Crypto VC RockawayX raises $125 million for second fund to primarily invest in Solana projects
RockawayX, a crypto venture capital firm with over $2 billion in assets under management, has closed its second fund, raising $125 million.
The new fund will back early-stage crypto startups, with a strong focus on the Solana
SOL -0.76%
ecosystem, the firm said Thursday. Other target areas include decentralized finance (DeFi), infrastructure protocols and decentralized networks.
Solana stands out due to its technical edge over Ethereum in terms of speed, cost, ease of development and its product-driven approach, Samantha Bohbot, partner and chief growth officer at RockawayX, told The Block. "Where other projects may feel like research efforts, Solana operates as a company with a mission to develop the dominant blockchain solution and promote it to builders and institutions," she said. 0 reply
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