Hydra Ventures DAO is a decentralized autonomous organization funded by renowned investors such as 1kx and Seed Club. Hydra Ventures DAO, which aims to revolutionize investing in crypto currencies, has just raised $10 million to support other investment DAOs.
Thus, Hydra Ventures plans to invest in 30 to 40 investment DAOs, aiming for a capital contribution of up to 10% of each investment DAO.
To steer the project and meet the various future challenges such as regulation of the cryptocurrency market as well as tax issues, the Hydra Ventures team calls on the experience of its investors to support them. These include members of 1kx, Seed Club, ConsenSys and Thing3, among others.
What you need to know is that the Hydra Ventures DAO fund is particularly motivated to support DAOs that have a solid long-term investment vision.
The fund has already made numerous investments in DAOs and plans to incubate a few investment DAOs in the near future.
Also, the recently raised $10 million will be stored in a diverse set of stablecoins, with plans to roll out over three years.
According to Stephen McKeon, Managing Partner of Collab+Currency, Hydra Ventures is well positioned to pioneer the DAO model funding other DAOs.
The DAOs that are likely to receive Hydra’s support will be those with a real long-term vision and solid foundations to disrupt the crypto market. The members of the Hydra Ventures team consider that ecosystem investors are better positioned to evaluate investments than traditional investment funds.
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