Blockchainz Distributes Over $530 Million in Profit to Fund Investors
CryptoNewsTerminal Staff20 May, 2024
Blockchainz Distributes Over $530 Million in Profit to Fund Investors
Blockchainz, a crypto venture capital firm, has distributed over $530 million in profit to its first fund investors. This is a significant development in the crypto VC industry, as it demonstrates the profitability of the sector. DPI (Distribution to Paid in Capital) is a key metric used to measure the performance of crypto VCs. It calculates the actual cash paid to investors as profit. According to an LP invested in Blockchainz's fund, the firm has completed two rounds of total profit distribution of more than $530 million, resulting in a DPI of over 1x. This is a strong indicator that crypto is a profitable sector to invest in. VCs that do not announce DPI will find it increasingly difficult to survive in the future. Blockchainz's success is a testament to the growing maturity of the crypto VC industry. As more and more investors enter the space, we can expect to see more VCs distributing profits to their investors.
