Blockchain Venture Capital Firm Newform Capital Raises $100 Million Fund for AI Projects
CryptoNewsTerminal Staff21 May, 2024
Blockchain Venture Capital Firm Newform Capital Raises $100 Million Fund for AI Projects
Newform Capital, a venture capital firm specializing in blockchain and cryptocurrency investments, has raised a $100 million fund to invest in AI-based blockchain projects, according to the Wall Street Journal. The fund will focus on startups developing blockchain applications in artificial intelligence, machine learning, and data analytics. Newform Capital is a leading investor in the blockchain space, with experience in investing in early-stage blockchain projects. The firm has a strong belief in the transformative potential of AI and blockchain, and believes that the combination of these technologies can create innovative solutions to real-world problems. The fund will be used to invest in a variety of AI-based blockchain projects, including those in the fields of healthcare, finance, and supply chain management. Newform Capital is committed to supporting the growth of the blockchain ecosystem and believes that AI will play a crucial role in the future of the industry.
