Lưu trữ cho từ khóa: Pantera Capital

Công nghệ

Pantera Capital to grant co-investment rights to $25m LPs in Fund V

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Pantera Capital is set to launch its fifth venture-style fund in 2025, offering co-investment options to LPs with commitments of $25 million or more.

Californian crypto venture giant Pantera Capital is set to launch its fifth venture-style fund in 2025, granting $25 million limited partners co-investment rights in key blockchain deals.

In an email announcement seen by crypto.news, the Menlo Park-headquartered venture capital firm said that its new Pantera Fund V will offer investors exposure to a broad spectrum of blockchain assets, continuing the firm’s decade-long strategy of allocating capital across venture equity, early-stage private tokens, and locked-up treasury tokens.

Pantera says LPs committing $25 million or more will gain co-investment rights, allowing them to participate in at least 10% of each venture equity, private token, and special opportunity deal valued over $10 million. This co-investment option comes without management fees or carried interest. Pantera has also indicated it will endeavor to offer co-investment opportunities, on a capacity-available basis, to other LPs, albeit with a 1/10% fee.

The venture capital giant added that LPs could choose between investing solely in venture deals or diversifying into more illiquid assets, including private tokens and treasury tokens.

Pantera positions Fund V as a continuation of its Pantera Blockchain Fund IV, launched in 2021, which served as a “wrapper” for the entire blockchain asset class. The firm, known for its pioneering role in crypto investments, aims to raise $1 billion for the new fund, with the first closing expected in April 2025.

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Theo Crypto News

Công nghệ

Pantera Capital-backed Vega Protocol shuts down layer-1 chain

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Vega Protocol is shutting down its blockchain, with validators set to maintain the network temporarily to allow users to withdraw funds before a full cessation by late October.

Trading-focused blockchain Vega (VEGA) is winding down its operations after an on-chain governance vote passed with near-unanimous support, directing the project’s resources toward core software development.

The decision to retire the Vega chain, which supported decentralized trading, marks the end of the community’s support for the blockchain and its native VEGA token. In a blog announcement on Sept. 12, the team behind Vega Protocol said that trading on the network has already ceased, and the chain is now entering a “ramp down” period. Following the news, the price of VEGA plunged 14% down to $0.06203.

“Our understanding from the validators is that the Vega chain will remain operational until at least Oct. 27 to allow users plenty of time to withdraw their assets.”

Vega Protocol

The Vega Protocol team further added that a final vote is underway to determine the settlement prices for suspended markets and allocate approximately $28,000 in unused insurance funds to validators to “ensure the network operates for the agreed ramp down period.” The vote, which closes on Sept. 13, will finalize the market settlement at the last recorded prices when trading was suspended.

The team also warned that any assets left on-chain after operations cease could become irretrievable, as the protocol requires two-thirds of validators to authorize withdrawals from the network’s bridge.

Vega Protocol launched its network in 2023, following the vision outlined in its 2018 whitepaper, which detailed an application-specific blockchain built on the Tendermint proof-of-stake consensus mechanism. In 2019, the team raised $5 million in a seed round led by Pantera Capital, followed by a $43 million community token sale on CoinList in 2021.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Công nghệ

Animoca Brands’ gaming platform GAMEE secures funding from Pantera Capital

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GAMEE, the mobile gaming platform behind the WatBird game, has received an investment from Pantera Capital to expand its presence on The Open Network.

Animoca Brands‘ gaming subsidiary, GAMEE, has received an investment from Pantera Capital, a California-based venture capital firm, to extend its reach across multiple blockchain networks, according to an Aug. 21 press release.

While the funding size was not disclosed, the investment is understood to help GAMEE expand its presence on The Open Network (TON) via WatBird, a Telegram-based app. Animoca notes that the investment from Pantera follows a recent investment GAMEE received from TON Ventures, a venture capital firm focused on backing TON-based startups.

Commenting on the funding, GAMEE co-founder Bozena Rezab said the investment represents a “significant vote of confidence in our vision to seamlessly integrate web3 mechanics into the gaming experiences we’ve cultivated for our community of 90 million gamers.”

“This support will help us accelerate our mission to strengthen the community’s engagement with the TON ecosystem.”

Bozena Rezab

For Pantera Capital, this investment marks another move to double down on its strategic investment in TON. In May, the firm announced its “largest investment ever” in the network, underscoring its belief in TON’s potential ate of the bankrupt FTX exchange. At the time, Pantera said it had decided to invest in TON as the platform to “introduce crypto to the masses because it is used extensively within the Telegram network.”

Although Pantera did not disclose the amount of its investment in GAMEE, it follows a $250 million purchase of Solana (SOL) from the estate of the bankrupt FTX exchange, highlighting the firm’s ongoing commitment to expanding its influence in the blockchain space.

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Theo Crypto News

Altcoin

Pantera Capital praises Solana as Ethereum’s dominance shifts to ‘multi-polar model’

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The crypto venture firm Pantera Capital says Ethereum’s losing steam as Solana has become a “major contender for the future of blockchain development.”

Pantera Capital, a crypto venture capital firm managing billions in assets, reportedly eyeing a purchase of millions worth of SOL from the bankrupt FTX exchange, appears to be increasingly highlighting Solana’s potential over Ethereum to investors.

Tokens rolled out on decentralized exchanges by chain | Source: Pantera Capital

In a Jun. 18 newsletter, the Menlo Park-headquartered venture capital firm said Ethereum’s dominance “appears to be yielding to the multi-polar model,” pointing to Solana as a new prominent product that gained “significant share over the past year.”

“The shift is reminiscent of Microsoft’s dominance of the early desktop computer market, until Apple broke through with its vertically integrated approach. Solana is now a major contender for the future of blockchain development.”

Pantera Capital

Drawing parallels to Apple‘s breakthrough in the early days of personal computing, Pantera likened Solana’s integrated approach to Apple’s vertically integrated strategy with macOS, saying the network’s monolithic architecture has a product roadmap “focused on optimizing every component of its own blockchain.”

Trading volumes compared between Ethereum and Solana | Source: Pantera Capital

The venture capital firm says Solana’s “architectural advantages” enable a range of use cases and user experiences that “may be more challenging to implement on modular blockchains like Ethereum and Cosmos,” citing Solana’s “fast, low-cost transactions.”

“Solana’s architectural advantages are enabling it to capture an outsized share of the new demand coming into the blockchain space, accelerating its ascent as a rival to Ethereum.”

Pantera Capital

The firm’s endorsement of Solana follows reports saying that Pantera Capital was among the bidders for SOL tokens auctioned by FTX during its bankruptcy proceedings earlier this year, buying a significant stake in the tokens. Reports indicate that Pantera Capital was interested in buying auctioned SOL tokens amounting to as much as 0 million, although the precise amount acquired hasn’t been disclosed.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News