Veteran entrepreneur and venture capital executive Rick Marini has launched a crypto-focused fund of funds, believed to be among the first of its kind, as investment interest in the cryptocurrency sector explodes.
Marini has launched the fund, named Protocol Ventures, with $1 million of internal capital, according to a Bloomberg article Tuesday. He ultimately wants to raise $100 million for the vehicle, which will invest in ten crypto-focused hedge funds.
Anyone who owns bitcoin will soon be able to receive a new cryptocurrency.
As of block 491,407 on the bitcoin blockchain, another alternative version of the protocol will be launched, resulting in a variant that's being branded bitcoin gold (BTG).