3 - 4 minute read
Credibly Neutral, a new crypto venture capital firm, has raised $5.5 million in funding from a group of investors that includes founders of Solana and Polygon blockchains. This Brooklyn-based firm, founded by Viktor Bunin and Lisa Cuesta Bunin, aims to invest in early-stage projects, protocols, and infrastructure in the crypto industry. Their investment interests include layer 1 and 2 blockchains, decentralized finance protocols, developer tools, security software, analytics tools, and the rails needed to transfer fiat in and out of crypto.
“We are passionate about investing in teams and communities who are building protocols, tools, and products that provide open access and fuel innovation,” said Lisa Cuesta Bunin, COO at Ethereum privacy startup Aztec Protocol. The firm has a unique investment strategy that focuses on credible neutrality, which is defined as transparent systems that create an equal playing field for all participants.
The investors in this round include Anthony Sassano, author of Ethereum-focused Substack Daily Gwei, Patricio Worthalter, founder of “proof of attendance” protocol POAP, Surojit Chatterjee, former chief product officer of crypto exchange Coinbase, Joe Lallouz and Aaron Henshaw, founders of blockchain infrastructure provider Bison Trails, Solana co-founders Anatoly Yakovenko and Raj Gokal, Mara Schmiedt, CEO of staking solution Alluvial, Polygon co-founder Sandeep Nailwal, and Ethereal Ventures among others.
This investment by credible and established names in the crypto space is a testament to the potential of the crypto industry. Credibly Neutral’s focus on credible neutrality highlights the need for transparency and equal opportunities within the industry. It is worth noting that the firm’s investment interests align with the current trends in the crypto space, such as the growing popularity of decentralized finance protocols and layer 2 blockchains.
The presence of Coinbase Cloud’s protocol operations team leader, Viktor Bunin, in the founding team adds credibility to the firm’s investment strategy. This move by Credibly Neutral could potentially influence the future of the crypto industry and the direction of investments in the space.
For traders, this investment by credible and established names in the crypto industry could signal a growing interest in layer 1 and 2 blockchains, decentralized finance protocols, and developer tools. This may have implications for the future market moves, including potential opportunities and risks for traders.
The Bottom Line
Credibly Neutral’s $5.5 million funding round, led by established names in the crypto industry, highlights the potential of the crypto space. Their investment interests align with current trends in the industry, and their focus on credible neutrality highlights the need for transparency and equal opportunities. For traders, this investment may signal potential opportunities and risks in layer 1 and 2 blockchains, decentralized finance protocols, and developer tools.