Pantera Capital partners for Maecenas crowdsale and beyond
Summary
The financial backing and community support from the crowdsale catapult us on our long-term path to create our decentralized art gallery. Pantera Capital, which has launched a $100 million hedge fund for cryptoasset tokens, is actively partnering with Maecenas in creating a marketplace for famous artworks. “Tokenizing existing asset classes that are currently illiquid is a great application of blockchain tech,” Joey Krug, Pantera’s co-chief investment officer, said. The company has invested in numerous cryptoasset heavyweights, including blockchain-based remittance service Abra, leading South Korean bitcoin exchange Korbit, and altcoins Ripple and Zcash. Maecenas has studied global financial jurisdictions, built a minimal viable product, and lined up masterpieces to be offered on the platform.