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Former bankers — including one who quit Goldman Sachs to play Axie Infinity — are reportedly launching a $1.5 billion crypto fund
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A former Citigroup executive is launching a $1.5 billion crypto fund and bringing on former Goldman Sachs banker Sam Peurifoy, who quit his job previously to make money in play-to-earn games, Bloomberg reported.
Matt Zhang, who was most recently a global co-head of structured products trading at Citigroup, is launching the investment firm named Hivemind Capital Partners and has already gotten interest from institutional investors like pensions, endowments, and sovereign wealth funds, according to the report.
He hired Peurifoy to run the play-to-earn segment of the firm, Bloomberg said. Peurifoy makes money in the ethereum-based video game world of Axie Infinity, where he's known as «Das Kapitalist» and
Read more on markets.businessinsider.comAbout this in other media
Will Axie Infinity’s fundamental demand aid its stride to the top on its price chart ambcrypto.com /2 years ago
Metaverse-related cryptocurrencies like Axie Infinity and Decentraland are up 37,000% this year, crushing bitcoin and other altcoins markets.businessinsider.com /2 years ago
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