According to the Daily Planet, Hootie Rashidifard announced the launch of a $29 million seed-stage crypto fund, Hash3, which will invest $250,000 to $1 million in some aspiring founders, aiming to promote the establishment of an open and permissionless future.

So far, the Hash3 Fund has made 10 investments, including EigenLayer, Ajna.finance and Crossmint. Hash3 consultants include Surojit Chatterjee, former chief product officer of Coinbase, Yuga Cohler, senior software engineer at Coinbase, Corey Miller, senior product manager at dYdX, Gokul Rajaram, member of the Coinbase board of directors, and Ramani Ramachandran, founder of Router Protocol.

It is understood that Hootie Rashidifard worked at Canaan Partners, a venture capital firm with an asset management scale of US$7 billion for five years and began investing in cryptocurrencies and financial technologies in 2017.