The new firm, called Tangent, is committing both"time and capital in a select few Web3 companies every quarter as angel investors," the website states. The firm won't accept outside funding or charge management fees, according to Bloomberg. The firm will work with 2 to 5 early-stage crypto projects every quarter"using an undisclosed small pool of proprietary capital," the website states.
Choi was previously general partner at Spartan Capital, and Wang was previously principal at DeFiance Capital in Singapore. “Over the last cycle, we’ve kind of confirmed that web3 and crypto are here to stay,” said Wang in an interview to Bloomberg. “In what form it takes or how long it will take to get there is up for debate -- but you know, in an extended depressed market, it provides a lot of diamonds in the rough for us to support and hopefully, to push the space forward for the better.”
Advisors at Tangent include Gabby Dixon, cofounder of Yield Guild Games, a play-to-earn game; 0xMaki, cofounder of SushiSwap, a platform to buy and sell crypto assets; Sam Kazemian, founder of Frax Protocol; Tasha Punyaneramitdee, cofounder of Alpha Venture DAO, and others listed on the website."At a time where actors are withdrawing from crypto, we're here to stay and build.
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Bank of America Customers’ Crypto Activity Slowed as Market SlidAlmost 70% of the U.S. population hasn't invested in crypto or isn't interested in investing in cryptocurrencies, according to BankofAmerica internal data. BankofAmerica BabyDoge BabyDogeCoin 🐾🐶 BankofAmerica We’re so early. BankofAmerica we're still early
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EU passes rules for regulating 'Wild West' crypto marketThe European Union has become the first major economy to establish a comprehensive regulatory framework for managing cryptocurrency assets. They hate competition 'Managing' The entire point of crypto is autonomy, isn't it? RT Europarl_EN Europe always leads in regulation and compliance SEC_Investor_Ed NewYorkFed markets WSJ first AIFMD USA Form PF. IFRS-9 us CECL… nypost Neil_Irwin zerohedge LuxFinance
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