Blockchain venture capital firm CMCC Global made it rain this week, splashing $100 million on their new Titan Fund targeting Asian crypto startups.
With backing from big crypto whales like Winklevoss Capital and Animoca Brands, CMCC plans to spread the love across Hong Kong and beyond.
But with VC funding down 70% lately, it seems investors are getting cold feet in this crypto winter.
Let’s hope Asia’s sunny outlook on blockchain heats up again soon.
Now let’s check in with our Asian correspondent Guy Ulebi for more details.