ConsenSys exec joins CoinFund to assist early-stage blockchain firms

ConsenSys exec joins CoinFund to assist early-stage blockchain firms

Vanessa Grellet, a five-year veteran of Ethereum software company ConsenSys, will be joining crypto investment group CoinFund as its new head of portfolio growth.

In an announcement from CoinFund on Thursday, the investment group said Grellet would be responsible for guiding its portfolio of more than 50 companies and projects. The new head of portfolio growth will be aiming to “bridge the gap between the worlds of traditional companies and decentralized networks” by forming alliances between blockchain projects and protocols.

Our top trading bots

“My team will serve as partners who support and guide founders and their teams during their journeys from early-stage to growth-at-scale,” said Grellet. “The firm’s investment in our Portfolio Growth team [...] demonstrates our dedication to meeting the needs of early-stage companies as well as our long-term commitment to the blockchain industry.”

CoinFund has invested in many popular projects in the crypto space. In September 2020, the firm backed nonfungible token-based digital art marketplace Rarible, after which its governance token doubled in price. The investment group was also behind funding for Delta Exchange's expansion into Indian markets in May 2020.

A financial analyst and lawyer, Grellet previously worked as a corporate strategy executive at the New York Stock Exchange. She currently sits on the boards of the Arts and Antiquities Blockchain Consortium and the Accounting Blockchain Coalition and is the president of the Blockchain for Social Impact Coalition.

Keep reading relating to Cointelegraph
ApeCoin announcement surges BAYC floor price to near-ATH before correction
The Bored Ape Yacht Club (BAYC) has officially revealed their ERC-20 utility and governance token ApeCoin (APE), marking a diversification from profile-picture...
Crypto-focused enterprise payment platform Tribal Credit raises $60M
Crypto-focused enterprise payment platform Tribal Credit has raised $60 million in an oversubscribed investment round, putting the company on track to continue...
Kazakh government resigns, shuts down internet amid protests, causing Bitcoin network hash rate to tumble 13.4%
On Wednesday, Kazakhstan, the second-largest country in the world when it comes to Bitcoin (BTC) mining hash rate, experienced unprecedented political unrest...
Wear-to-earn NFTs target the billion-dollar fashion industry
The rise of the Metaverse and Web 3.0 are set to disrupt multiple sectors including the billion-dollar global fashion industry. As the world moves from...
Compound crisis averted? Securing exposed COMP could be just the start
As the decentralized finance (DeFi) market continues to pique the interest of investors across the globe, a few incidents have shone a major spotlight on...
CFTC renewed: What Biden’s new agency picks hold for crypto regulation
On Sept. 14, United States President Joe Biden revealed his picks to fill two vacant seats at the United States Commodity Futures Trading Commission (CFTC)....
Kraken Australia CEO talks the August market report and BTC price slump
Kraken Australia CEO Jonathon Miller described Tuesday’s Bitcoin (BTC) crash as a natural correction after BTC was “dragged up” by the overheated Ether...
Cardano Falls 11% In Bearish Trade
Investing.com - Cardano was trading at $2.5936 by 04:27 (08:27 GMT) on the Investing.com Index on Tuesday, down 10.50% on the day. It was the largest one-day...
Team officially re-establishes Dogecoin Foundation after 6 years
After several years of nearly total media silence, the Dogecoin Foundation is coming back to support core developers and projects benefiting the meme-based...
Bitcoin Steady as SEC Chairman Eyes Closer Look at Crypto
By Yasin EbrahimInvesting.com – Bitcoin remained steady Tuesday as Securities and Exchange Commission Chairman Gary Gensler called on Congress to grant...
Pro traders look for this classic pattern to spot Bitcoin price reversals
Every trader aims to buy low and sell high, but only a few are able to muster the courage to go against the herd and purchase when the downtrend reverses...
Green BTC miner Bitfarms’ production up 50% after China ban, as Compass goes nuclear
Publicly traded North American Bitcoin mining company, Bitfarms, has doubled its productivity this year amid the Chinese crackdown and resultant miner migration.The...
‘Say something, Elon Musk!’ Dogecoin sheds $70B in market cap since SNL
Dogecoin (DOGE), Elon Musk's pet favorite cryptocurrency, has shed tens of billions of dollars in value since he publicly plugged it on mainstream TV.As...
Here’s 5 ways investors can use the MACD indicator to make better trades
The Moving Average Convergence Divergence, also called the MACD, is a trend-following momentum indicator used widely by traders. Although the MACD is a...
ICO with love: DateCoin Will Present DTC Tokens To Denim Users On Valentine's Day
On Valentine's Day, more than 700,000 users will receive tokens of the DateCoin project free of charge. Owners of DTC tokens will be users of the existing...