400 million dollars on the ABCDE Investment Fund stops new investments, collecting donations

ABCDE, which focuses on WEB3 and the Blockchain investment fund, stops new investments, but the $ 400 million fund is still committed to supporting its current projects.

On April 19 x mailThe founder of ABCDE and the founder of Huobi Exchange du Jun said the fund of $ 400 million will not invest in new projects or raise the capital for the second stage of the fund.

However, John said that the fund will continue to “support post -investment and exit arrangements for current projects” to ensure the company’s commitment to project owners and liquidity providers (LPS).

Jun added: “My personal focus will gradually turn from financial investment in the primary market to strategic investment and a deep nursery, with a more focus on industrial synergy and the creation of value in the long run.”

This advertisement comes nearly three months from the last investment of ABCDE to solve Ethereum Layer-2 (L2), soon (Solana Offset Network), which raised $ 22 million by selling an unbalanced code to celebrate the launch of Mainnet, according to Cointegraph on January 22.

Mainnet soon claims to outperform Solana in speed and efficiency, providing average mass times of 50 milliliters compared to Solana 400 millimeters.

ABCDE is a $ 400 million fund, with 28 % of its Bitcoin (BTC) investments (BTC), 16 % in Ethereum Liquid Stokeing Bank (LSDFI) infrastructure, and additional 12 % invest in L2S, smart contract platforms, and encryption data.

ABCDE has invested more than $ 40 million in capital in more than 30 projects over the past three years, with an internal return rate (IRR) “is still globally”, despite the current market environment, June He said.

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The new incubator’s brand announced Verneal

ABCDE’s suspension of the collection efforts was announced a month after the co -founder of the Fund launched a new incubator mark, Vernal.

The new incubator is scheduled to announce its shareholders and nurseries for the first projects in May, in addition to its first investments.

John said that the decision to stop the fundraising efforts for ABCDE have not been taken due to financial restrictions or lack of funds, but due to the basic interest in the current development path for the encryption industry.

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Jun said on April 19 ( mailAdding:

“Many projects are very short and only think about how to include them on the stock exchange as soon as possible, and the rest of it is often chaos.”

He added: “The most worrying thing is that some basic funds have no reflection on this, but also increase their” listed projects “and the performance of the market value in the short term, but it has never mentioned the creation of the value for the projects themselves.

Cardano Charles Hoskinson’s founder urged fourth -generation currency projects to adopt more cooperative symbols to compete with the main central technology companies entering the encryption industry.

“The problem is now, with the way we did it with things in the coded currency space, is the distinctive symbol and the market structure is an essential aggressor. It is 0,” said Hoskinson at the Paris Blockchain Week on April 9.

He added: “You cannot build a global ecosystem this way, and you cannot win this way.” “Because this is the thing. My concern is much bigger.”

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