Blockchain Capital was founded in 2013 with the mission of helping entrepreneurs build world-class companies and projects based on blockchain technology. The firm provides founders with capital, domain expertise, partnerships, recruiting, and strategy. Blockchain Capital is an active venture investor in the blockchain industry, having financed 75+ companies and projects since its inception. It invests in both equity and tokens and is a multi-stage investor.
Odaily Odaily News: Kalshi Crypto Lead IcoBeast.eth posted on X platform to refute earlier data from Blockchain Capital partner Spencer Bogart, stating that Kalshi's March volume exceeded $13 billion, while Polymarket's volume for the same month was only about $9.5 billion. This data contradicts earlier claims. For further discussion, please directly message him or the Kalshi team. Additionally, it was mentioned that Blockchain Capital is one of Polymarket's investors.Previous News: Blockchain Capital Partner: Polymarket's March Non-Sports Trading Volume Reached $7.5 Billion, While Kalshi's Comparable Figure Was Only $1.6 Billion
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Spencer Bogart, a partner at Blockchain Capital, posted on X platform, stating that the total trading volume of Kalshi and Polymarket in March was nearly flat, both at approximately $12 billion ($12.29 billion for the former and $12.22 billion for the latter). Excluding sports-related trading, Polymarket’s non-sports category volume was $7.5 billion, while Kalshi’s was only $1.6 billion. Although there are differences in positioning between the two in the prediction market, it is strange that they are still classified into the same category.
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According to Bloomberg, cryptocurrency venture capital firm Blockchain Capital is concurrently raising two new funds, with a combined target size of $700 million—its seventh early-stage fund and its second growth fund. Sources familiar with the matter revealed that the firm has already begun deploying part of the newly raised capital, and the entire fundraising round is expected to be completed within five to six months.
According to Fortune, Paxos Labs—a stablecoin and blockchain infrastructure company—has announced a $12 million funding round led by Blockchain Capital, with participation from Robot Ventures, Maelstrom Family Office, and Uniswap Labs. Paxos Labs was spun out from Paxos and focuses on providing enterprises with stablecoin issuance and decentralized finance (DeFi) access solutions, enabling clients to create branded stablecoins via a single software suite and offering features such as interest-bearing crypto deposits and collateralized lending. Paxos Labs has already secured clients including Hyperbeat and Aleo and expects to reach breakeven by the end of this year. Previously, Paxos acquired cryptocurrency wallet company Fordefi for over $100 million to meet growing client demand for DeFi market solutions.
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