Cyber.Fund, an early investor in Ethereum, announced the restart of the company and the establishment of a venture capital department with a scale of US$100 million, promising to invest US$100 million in projects that intersect blockchain technology with artificial intelligence (AI) and the Internet of Things (IoT). Dollar. Cyber.Fund has previously invested in Cosmos, Solana and Polkadot.
According to an emailed announcement on Thursday, Cyber.Fund is focused on developing a “Cybernetic economy” in which blockchain is a cornerstone. Cyber.Fund defines Cybernetic as an interconnected automated economic framework around which blockchain, artificial intelligence and the Internet of Things converge. (CoinDesk)