According to PANews, Paper Ventures has launched a $25 million venture capital fund for blockchain startups. Founded by Danish Chaudhry, Oliver Blakey and Ivailo Jordanov, the fund aims to leverage the founders' industry experience and networks to provide successful resources and connections for portfolio projects. The fund raises funds from traditional hedge funds, family offices, exchanges, founders, and other high-net-worth early participants in the crypto space. The three founders began to get involved in this field as early as 2010, and their investments include Frax Finance, SEI, YGG, Polygon/Matic, Injective, Polkadot, Cosmos, Merit Circle/Beam, Illuvium, Wintermute, Gensyn, and Morpho.