TL;DR:
- Konstantin Lomashuk and Vasiliy Shapovalov, early Ethereum investors, re-launch their investment firm, cyber.Fund.
- The firm plans to invest $100 million in blockchain, AI, robotics, and related technologies.
- Their mission is to accelerate the transition to an open cybernetic economy.
- The $100 million funding is entirely sourced from cyber.Fund’s founders.
- This investment comes as capital inflow into crypto and blockchain slows while interest in AI projects rises.
- cyber.Fund was previously active between 2014 and 2018, with investments in Ethereum, Cosmos, Polkadot, Solana, Lido Finance, and P2P.
- Their aim is to create a more open, efficient, and sustainable economy driven by these technologies.
Main AI News:
Early Ethereum visionaries Konstantin Lomashuk and Vasiliy Shapovalov are intensifying their commitment to cutting-edge technologies through the revival of their investment firm, cyber.Fund. This reinvigorated venture is set to deploy a substantial $100 million from the founders’ coffers.
Cyber.Fund, spearheaded by Lomashuk and Shapovalov, is poised to make a profound impact on the tech landscape. The investment firm’s ambitions are clear: to accelerate the transition towards an open cybernetic economy by championing trailblazing entrepreneurs in the fields of blockchain, artificial intelligence (AI), robotics, and related domains.
When questioned about the timing of this substantial investment, Konstantin Lomashuk stated, “We firmly believe that capital infusion can expedite the evolution of these groundbreaking technologies.” This sentiment reflects their dedication to propelling the development of next-gen innovations.
Crucially, the $100 million war chest of this investment firm is wholly funded by its founders, ensuring an unwavering commitment to their vision. In an era marked by the steady flow of capital into crypto and blockchain ventures, this significant injection of funds signals a renewed focus on advancing the frontiers of technology. Notably, the spotlight on artificial intelligence has intensified, driven in part by the captivating allure of projects such as ChatGPT.
Prior to this re-launch, cyber.Fund had a notable presence between 2014 and 2018. During this time, the firm not only made early investments in projects like Ethereum, Cosmos, Polkadot, and Solana but also played a pivotal role in the establishment of Lido Finance and P2P, as highlighted in Thursday’s announcement. It’s worth mentioning that Lomashuk co-founded Lido Finance, underlining their commitment to the tech ecosystem.
In the words of cyber.Fund, “Our mission is to cultivate a more open, efficient, and sustainable economic landscape.” Their conviction lies in the belief that by expediting the growth, adoption, and eventual decentralization of these technologies, we can usher in an era of unparalleled prosperity.
Cyber-Fund is steadfast in its view that the emergence of a “cybernetic” world is inevitable. In this narrative, blockchain, robotics, and AI are cast as pivotal players, shaping a transformative new paradigm. Lomashuk encapsulates their vision, stating, “We invested in Ethereum and built staking to uphold its censorship resistance and decentralization. Now, instead of building, we can invest in founders who share our values in creating open-source technologies that benefit humanity.”
Conclusion:
The resurgence of cyber.Fund and their $100 million commitment to blockchain, AI, and robotics reflects a significant boost for emerging technologies. With the backing of Ethereum pioneers, the market can anticipate accelerated advancements and potential disruptions in these sectors, paving the way for a more open and prosperous tech-driven economy.
