🚀 Dragonfly Capital is raising $500M for its fourth crypto fund! It has now reached $250M, with a target completion date of Q1 2025. The fund focuses on early-stage blockchain projects. 🤑

🔍 Dragonfly has invested in over 100 companies, including Ethena, Andrena, Cosmos, and Monad Labs. Their third fund reached $650M in 2022.

💬 Dragonfly's Anirudh Pai shares the big opportunity in Ethereum layer-2 and liquidity fragmentation. Their portfolio projects Caldera and MegaETH are doing great!

📈 VC is back in full swing with Pantera Capital raising $1B and Paradigm $850M. Blockchain investments up 2.5% in Q2 2024!

👉 What do you think about the return of VC funds in crypto? Comment!