Venture fund Blockchain Builders has announced raising $28 million to finance successful crypto startups, drawing attention to the fund's ties to Stanford.
Stanford Blockchain Ecosystem
Blockchain Builders was founded by three Stanford graduates: Gil Rosen, Kun Peng, and Steven Willinger. The fund is associated with activities taking place at Stanford, such as the Center for Blockchain Research and the Stanford Blockchain Accelerator.
Supporting Innovation through Education
Stanford is actively involved in creating blockchain startups, providing opportunities for turning ideas into real-world applications. Fund I will focus on investing in early-stage startups, while Fund II will support new initiatives like the IC3-Cornell Accelerator.
Impact of Institutional Funding on the Crypto Industry
Institutional funding is actively pushing the crypto industry forward. With increased investments and growth of funds, a significant rise in crypto fund assets has been recorded, indicating the growing interest from large investors and involvement of academic institutions.
Support from Stanford and other prestigious institutions may act as a powerful catalyst for further growth in the crypto industry and attraction of new investments.
