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Richard Li, Winklevoss-Backed CMCC Global Targets $300M for Latest Crypto Fund
CMCC Global, an early investor in the Solana blockchain, has also backed Cosmos and Terra.
Updated May 11, 2023, 5:46 p.m. Published Oct 29, 2021, 8:21 a.m.
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Venture capital firm CMCC Global is targeting $300 million worth of investments for its latest crypto fund with the backing of investors, including billionaire Richard Li and the Gemini exchange’s co-founders, the Winklevoss twins.
- Richard Li, who backed CMCC’s previous crypto token fund, will roll over to the latest fund along with other existing investors, Bloomberg reported on Friday.
- Gemini co-founders Cameron and Tyler Winklevoss are also investors in the new fund, according to the report.
- CMCC Global, which was founded in 2016, was an early investor in the Solana blockchain having invested $1 million in a private token sale in 2018. The VC has also backed other blockchain projects like Cosmos and Terra.
- CMCC co-founder Charlie Morris said the firm plans to assign part of its latest fund to areas, such as decentralized finance (DeFi) and non-fungible tokens (NFTs).
Read more: Hong Kong Blockchain VC Hires Former NEO Exec to Launch Shanghai Office
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What to know:
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One of the oldest NFT trading platform which facilitated over $300 million in sales at its peak shuts down
The platform, Nifty Gateway, which once facilitated over $300 million in sales, had shifted its focus to building onchain creative projects in 2024, but will now close.
Ce qu'il:
- Nifty Gateway, an NFT platform, will shut down on February 23, 2026, and has entered withdrawal-only mode, allowing users one month to move their NFTs and funds.
- The platform, which once facilitated over $300 million in sales, had shifted its focus to building onchain creative projects in 2024, but will now close.
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