Master Ventures Announced $30M Blockchain VC Fund

Los Angeles-based Master Ventures said today that it has launched a new, $30M venture capital fund, called the Master Ventures Polkadot VC Fund. According to the company, the funding will support and finance Blockchain and cryptocurrency projects which are related to the Polkadot Relay Chain and Kusama. The new fund is led by founder and CEO Kyle Chasse, who is based in Los Angeles, per his LinkedIn profile. The company apparently is still raising capital for the fund, which the company says has a minimum investment of $100,000 and is not available to residents of the United States and its underlying territories. Chasse apparently founded a company called World Super Lotto (WSL).