Bankless Podcast Hosts on a $35 Million Fundraising Journey Targeting Emerging Web3 Ventures
In Brief
The hosts of the Bankless podcast, David Hoffman and Ryan Sean Adams, are working to raise $35 million to fund web3 initiatives. venture fund .
In this endeavor, Hoffman, Adams, and Ben Lakoff, co-founder of Charged Particles, will serve as the fund's general partners.
This fund will prominently feature the Bankless brand name.
The Bankless podcast hosts are gathering $35 million to invest in early-stage web3 startups, according to their latest communications. Coindesk report .
Ben Lakoff, the brain behind the NFT protocol Charged Particles, has indicated to Coindesk that he will be a general partner alongside Hoffman and Adams, forming the investment committee for the fund.
Although the fund will operate independently of the Bankless podcast, it will carry the strong Bankless branding and leverage its reputation as a leading crypto news outlet. As noted by one venture capital insider, the fusion of media presence with a venture fund could create exceptional investment opportunities.
A website Bankless Ventures has been officially established, with sources indicating that Hoffman is actively engaging at ETHDenver to discuss the fund's prospects.
Bankless has emerged as a significant player in the podcast and media landscape, concentrating on decentralized finance (DeFi) and the expansive realm of cryptocurrencies. Launched in 2020 by Ryan Sean Adams and David Hoffman, both prominent figures in the crypto community, the brand has gained substantial recognition.
With hosts Adams and Hoffman at the helm, the Bankless podcast offers in-depth conversations with influential personalities in the DeFi and cryptocurrency sectors, along with insightful commentary on the latest industry trends. It's well-known for its ability to break down complicated subjects, making them accessible to a diverse audience. The podcast has garnered a substantial following. 30 million downloads in November.
Adams transitioned from a tech executive to a devoted crypto enthusiast and writer, exploring the depths of DeFi and Ethereum. He founded Mythos Capital, a crypto investment firm, in 2017. On the other hand, Hoffman kicked off his career as a blockchain researcher at New Alchemy and Bunker Capital in 2018, and he previously served as the Chief Operations Officer at RealT, which facilitates real estate investments through cryptocurrency.
Combining their extensive backgrounds, Adams and Hoffman have become reputable voices in the crypto community, enriching the Bankless podcast and its media brand with their knowledge and expertise.
Beyond the podcasting platform, Bankless has launched several other media ventures, including a daily newsletter focused on crypto and DeFi, an NFT and metaverse newsletter, an informative website with articles and resources, and a YouTube channel that features interviews and educational materials.
Bankless made its initial venture into the world of venture capital last year by acquiring the DeFi software project Earnifi, establishing a new division called Bankless Labs. Adams remarked, “Bankless is evolving beyond media. We are now constructing tools to aid your DeFi journey.” blog post announcing the acquisition.
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