Blockchain investment firm Sanctor Capital has raised $20 million for its inaugural fund, which will provide strategic capital and resources to blockchain-based online games (GameFi), decentralized finance (DeFi) and cross-chain infrastructure projects.
- “Our hands-on background and crypto experience gives us a unique perspective on crypto entrepreneurship,” Han Kao, founder of Crypto Briefing and Sanctor Capital, said in a press release. “We have been there before, and have done it all ourselves.”
- Sanctor Capital launched earlier this year with the goal of becoming a “sanctuary” for crypto founders. Sanctor partner Ilya Abugov previously headed research at Crypto Briefing.
- Last month, Sanctor co-led the $4.2 million funding round for Synchrony, a Solana-based, on-chain asset management protocol. Synchrony was one of the graduates of Sanctor’s Y-Combinator-style mentorship program, Sanctor Turbo.
- “While the initial boost came from decentralized finance, it’s become clear that the utility and value proposition of blockchain and crypto has now risen to a cultural significance that we could not have anticipated,” Abugov said in a statement. “We believe that this will open up the way for new entrants into the space who are rethinking the way we interact with games, art, music and so much more.”
Source: Coin Desk