A former partner at Pantera Capital, a blockchain investment firm, is seeking to raise $50 million for his new fund. The unnamed partner left the company earlier this year and has since been working on launching his own venture capital fund focused on investing in early-stage blockchain startups.

The move comes as interest in blockchain technology continues to grow, with more companies looking to leverage its potential benefits. Blockchain has the potential to revolutionize industries ranging from finance and healthcare to supply chain management and beyond.

According to reports, the new fund will focus on investments in decentralized finance (DeFi) projects, which are built using blockchain technology. DeFi projects aim to create financial products that are open and accessible to anyone with an internet connection, without relying on traditional financial institutions.

The former Pantera Capital partner’s decision to launch a new fund reflects growing investor interest in DeFi projects. In recent months, several high-profile investors have poured money into DeFi startups as they seek out opportunities in this emerging market.

However, investing in early-stage startups can be risky business. Many of these companies fail before they ever get off the ground. That said, successful investments can yield significant returns for those willing to take the risk.

Overall, it will be interesting to see how this new venture capital fund performs over time. With so much excitement around blockchain technology and DeFi projects specifically, there could be significant upside potential for investors who get involved early enough.