Alex Shin and Sandeep Ramesh to Join Mysten Labs’ Web3 Venture Fund
On March 2, it was announced that Alex Shin, the co-founder of Hashed, and Sandeep Ramesh, a senior hedge fund investor, would join the Web3 venture fund newly…
On March 2, it was announced that Alex Shin, the co-founder of Hashed, and Sandeep Ramesh, a senior hedge fund investor, would join the Web3 venture fund newly created by Evan Cheng, the CEO of Mysten Labs as general partners.
Hashed co-founder Alex Shin will join the Web3 fund of the CEO of Mysten Labs
Interpretation of the news:
Mysten Labs is a well-known blockchain technology startup that focuses on the development of innovative solutions for the emerging decentralized web or Web3. Evan Cheng, the CEO of Mysten Labs, has created a new Web3 venture fund aimed at investing in startups and cryptocurrency projects that utilize blockchain, aiming to create a more decentralized internet.
On March 2, 2021, it was announced that Alex Shin and Sandeep Ramesh have joined the newly created Web3 venture fund as general partners. Alex Shin is the co-founder of Hashed, a leading South Korean cryptocurrency investment firm that focuses on early-stage investments in blockchain-based startups. Sandeep Ramesh, on the other hand, is a senior hedge fund investor who has worked in various high-profile investment management firms, such as Goldman Sachs and Bridgewater Associates.
The inclusion of Shin and Ramesh, with their extensive experience and expertise, in the Web3 venture fund underscores the commitment of Mysten Labs to invest in innovative startups, particularly in the blockchain and cryptocurrency sector. With a large portfolio of groundbreaking products and solutions, Mysten Labs is well-equipped to provide essential support and guidance to the blockchain startups invested in by the Web3 venture fund.
The move by Mysten Labs to establish a new venture fund is significant in the crypto world, particularly in the wake of the recent financial market volatility. It highlights the confidence that Mysten Labs has in the future of the Web3 space, and the desire to support and grow companies that can be catalysts for industry developments.
In summary, the addition of Alex Shin and Sandeep Ramesh to Mysten Labs’ newly created Web3 venture fund is particularly noteworthy, particularly as it indicates an ambition to invest in early-stage innovative blockchain-based projects. The move also reinforces Mysten Lab’s commitment to creating a more decentralized internet through significant investments into emerging technologies in the Web3 space.
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