Titan Fund, which is managed by CMCC Global, has closed its inaugural investment round on October 4, raising $100 million with the involvement of over 30 investors. Among the prominent investors are the blockchain startup Block.one, the Pacific Century Group, owned by Hong Kong business magnate Richard Li, Winklevoss Capital, Jebsen Capital, and Yat Siu, creator of Animoca Brands. The financing comes at a time when the cryptocurrency industry is facing a financial crisis as a direct result of a string of failures that occurred in the previous year, one of which being the bankruptcy of the exchange FTX.
CMCC Global’s fourth fund, known as the Titan Fund, will concentrate its investments on three primary areas: blockchain infrastructure, consumer applications such as gaming and NFTs, and financial services such as exchanges, wallets, and lending platforms. This fund was created by CMCC Global. Mocaverse, a non-fungible token (NFT)…
