ICYMI: Former Polychain partner launches $125 million crypto fund with goal of DAO transition
Tekin Salimi, a former general partner at Polychain Capital, has launched a $125 million crypto investment fund called dao5 that will seek to provide early-stage backing for projects across several sectors in the cryptocurrency space.
While starting as a crypto fund, Salimi says dao5 will eventually transition to become a fully fledged DAO. As such, whenever dao5 invests in a project, the founders will receive governance tokens of the future dao5 DAO.
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