Pantera Capital’s CEO suggests blockchain growth will continue despite economic turmoil By Cointelegraph


Pantera Capital’s CEO suggests blockchain development will proceed regardless of financial turmoil

The financial panorama could seem dire in the meanwhile, nevertheless it’s unlikely to have an effect on blockchain improvement, in accordance to Pantera Capital CEO Dan Morehead. In an interview for Actual Imaginative and prescient on Thursday, the enterprise capitalist stated that he believes blockchain expertise will carry out based mostly by itself fundamentals, whatever the situations indicated by conventional danger metrics:

Throughout the first half of this 12 months, Pantera Capital raised about $1.3 billion in capital for its blockchain fund, with a particular emphasis on scalability, DeFi and gaming initiatives. “We have been very centered on DeFi the previous few years, it is constructing a parallel monetary system. Gaming is coming on-line now and we’ve got a pair hundred million individuals utilizing blockchain. There’s numerous actually cool gaming initiatives, and there nonetheless are numerous alternatives within the scalability sector,” he added.

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