New York, New York--(Newsfile Corp. - September 20, 2021) - Redline Capital, a leading investment firm with a focus on blockchain technology, today officially announced that it is being renamed Redline DAO.
Redline DAO LOGO
To view an enhanced version of this graphic, please visit:
Before this latest rebranding, the company was already well-known to a wide range of businesses involved in private equity, investment consulting, asset management, blockchain investment, wealth management, corporate-industry incubation, and other areas, having initiated multiple government-industrial and listed-company M&A funds.
Redline DAO plans to launch six new venture-capital funds, each at a scale of 20 million dollars, to invest in six major tracks: Solana ecology, AVAX ecology, DeFi, NFT, GameFi, and trading.
Redline DAO is based on the core principles of blockchain, with its six founding members espousing equality, voluntary action, and mutual benefit, while devoting themselves to discovering high-quality blockchain start-ups and providing these with wide-ranging support as they grow. At present, Redline DAO is managing in excess of 500 million dollars, with external financing unavailable for the time being.
Kris Li, the company founder, states that "while we've made significant progress in our investments already, this rebrand is a concerted effort to accelerate our growth at this pivotal moment. Redline Dao will pursue value investment and adhere to making friends with time. One of our priorities is to help make the ecosystem truly global. We also welcome outstanding talents from all over the world to join us!"
In terms of community governance, he adds that the company has "been participating in it to provide partners with more value than investment. Our investment team is working alongside the founders to provide growth guidance not only in Asia but also across time zones in order to create a more cohesive strategy and continue to invest in the most innovative blockchain and DeFi projects. At the same time, we also welcome excellent overseas project parties to contact and communicate with us."
Blockchain, as a cutting-edge technology, is attracting the attention of investors everywhere. Since the beginning of this year, with cryptocurrency soaring, investment and financing of blockchain has been extremely active. Investment in blockchain projects is characterized by financing that has gone beyond seeding into the middle or late stages; some companies have even gone public. Redline DAO hopes that its adjustments to its brand-building will allow it to serve as a representative of investment in cutting-edge technological innovation, promoting the activity of the blockchain industry.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/97103