🚀 **Dragonfly Capital Aims for $500M Crypto Fund!**

- San Francisco's Dragonfly Capital is on a mission to raise $500M for its fourth crypto fund, hitting $250M already! 🤑

- The fund targets early-stage crypto and blockchain projects, with a full raise expected by Q1 2025.

- Dragonfly’s portfolio includes over 100 digital-asset companies like Ethena, Andrena, and Cosmos.

- Partner Anirudh Pai highlights Ethereum layer-2 scaling as a major opportunity, with projects like Caldera tackling liquidity fragmentation.

- This move aligns with a broader VC resurgence, with Pantera Capital and Paradigm also making significant raises.