As Forbes reports, Venrock, the official venture capital arm of the Rockefeller family, has partnered with crypto investment group Coinfund to support cryptocurrency and blockchain business innovation. focuses on technology investments. To date, the company has investments in many important companies, including Intel and Apple. In this respect, it is a logical development for them to turn to crypto money investments. There are a lot of cryptocurrency hedge funds. This is different. Essentially, it looks a little more like venture capital to us. We wanted to form a partnership with this investor team that has helped a number of different cryptoeconomics and cryptocurrency-based projects.”
Pakman also reported that Venrock will make long-term investments in crypto and that they see this technology as transformative.
Meanwhile, the family office of famous billionaire George Soros was also actively engaged the previous day. It was revealed that he would start trading cryptocurrencies.
How will this initiative of Rockefeller affect cryptocurrencies? Share your views in the comment section below.