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Usha Yadav
Jul 13, 2022
by Usha Yadav

Protagonist, A $100 Million Crypto Fund, Launched By Saber Labs

Protagonist fund Saber Labs

Table of contents

  1. Solana-Based NFT Utility Protocol
  2. Launch Occurs During A Downturn In The Crypto Market
Saber Labs, a cross-chain decentralized exchange with headquarters in Solana Beach, has introduced a brand-new cryptocurrency fund called Protagonist with a $100 million value. By investing in them, the cryptocurrency fund and incubation lab will support the fundamental protocols of forthcoming blockchain ecosystems.

Solana-Based NFT Utility Protocol

A new Layer-1 blockchain called Aptos, a Solana-based NFT utility protocol called Cardinal, and a digital banking platform called Cogni are all included in the current investment. According to reports, Protagonist strives to create and incubate its internal regulations. The network effects amongst founders have greatly aided in leveraging information and access, the most crucial commodities in the venture capital sector.

Launch Occurs During A Downturn In The Crypto Market

The introduction of the crypto fund took place amid the slaughter in the cryptocurrency market, which was notable because venture capital funding also decreased from its record high at the beginning of 2022. However, Protagonist is still very optimistic about the most recent investment and incubation program.

George Bousis and Harry Hurst are the other founding members of the cryptocurrency fund. They are both experienced business owners and angel investors. The creator and executive chairman of the gift card, loyalty, and payments business Raise and Slide is George Bousis. Harry Hurst is a co-founder and co-CEO of Pipe, a trading platform for recurring incomes.

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Protagonist Saber Labs Solana-based NFT Web3 protocols Dylan Macalinao Ian Macalinao NFT Utility Protocol Protagonist Fund
Protagonist, A $100 Million Crypto Fund, Launched By Saber Labs
Usha Yadav
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

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