Express

Fenbushi Capital Has Announced a $15+ Million USD Investment Fund in Collaboration With Protocol Labs

Amy Liu

Summary: According to an announcement by Filecoin today, in collaboration with Protocol Labs, Fenbushi Capital has announced a $15+ million USD investment fund in the IPFS and Filecoin ecosystem. The mission of the fund is to drive the growth of the IPFS and Filecoin ecosystems. Fenbushi Capital will be responsible for all aspects of financial management ...

According to an announcement by Filecoin today, in collaboration with Protocol Labs, Fenbushi Capital has announced a $15+ million USD investment fund in the IPFS and Filecoin ecosystem. The mission of the fund is to drive the growth of the IPFS and Filecoin ecosystems. Fenbushi Capital will be responsible for all aspects of financial management relating to the Fenbushi Ecosystem Fund and Protocol Labs will undertake a technical advisory role. The fund has a 2% per annum management fee and charges 20% interest while the terms are 5 years.

By Amy Liu

  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 4 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 10 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 13 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 14 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 17 days ago
  • You need to login to comment.