Major tech funds’ backing could signal a new dawn for token sales. But should crypto rejoice? 

Quick Take

  • Hedge fund giants Coatue and Tiger both invested in Braintrust’s recent $100 million token sale — only the second and first token investment they have made, respectively.
  • Their involvement could bring significant growth and legitimacy to the market, but what does it mean for the development of web3?
Venture Capitalists have fully embraced token trading. Will 2022 be the year that big-name hedge funds do the same?

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May 5, 2022, 3:17PM UTC