Bloomberg: Hivemind Capital launches blockchain fund, aiming to raise at least $50 million

ChainCatcher news, according to Bloomberg, New York-based digital asset investment firm Hivemind Capital Partners has launched a fund dedicated to the intersection of digital art and blockchain, named the Hivemind Digital Culture Fund, and plans to raise at least $50 million for this fund.

Hivemind Capital founder and managing partner Matt Zhang stated that the fund has currently completed about half of its fundraising target and plans to continue fundraising throughout the remainder of 2024, before deploying the funds over the next three years.

Previously, Hivemind launched a $1.5 billion crypto fund in early 2022, of which half of the funds have already been deployed. The company also launched a $300 million crypto trading fund last April.