Old Fashion Research has announced the launch of a new crypto-based fund to focus on the metaverse, and on bringing cryptocurrency adoption to emerging markets, like Latam.
Resources for the fund were collected from limited partners, traditional VC funds, family offices, and angel investors. According to Zhang, the crypto space is experiencing a boom as more and more companies are interested in the evolution of the space. She stated:More and more VCs are looking for ways to invest in crypto projects. Crypto itself is a revolution and disruption of the capital plate.
It’s no longer centralized in a top-down approach.Old Fashion Research also has its own take on the difficult times the crypto industry is facing at the moment. According to Jiang Xin, another partner of the firm, the current situation is beneficial for VCs wanting to get in the space, because projects offer cheaper and more reasonable valuations. For the company, this is the best time to make investments and incubate more projects.
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