Mysten Labs CEO Welcomes Hashed Co-Founder To Web3 Foundation Executive Team

Key Points:

• Alex Shin, one of the co-founders of Hashed, and Sandeep Ramesh, a veteran hedge fund investor, are set to join Mysten Labs CEO Evan Cheng’s new Web3 venture fund as general partners.
• Sandeep Ramesh, on the other hand, is a seasoned investor with extensive experience in the hedge fund industry.
• The fund will focus on investing in blockchain infrastructure, developer tools, and other technologies that will enable the growth and adoption of Web3.

Alex Shin, one of the co-founders of Hashed, and Sandeep Ramesh, a veteran hedge fund investor, are set to join Mysten Labs CEO Evan Cheng’s new Web3 venture fund as general partners.

This development comes after Evan Cheng confirmed in February that he was launching a Web3 venture fund valued at over US$100 million. The fund is not expected to be limited to investments in the Sui ecosystem.

Hashed is a blockchain and cryptocurrency-focused venture capital firm based in South Korea. It has invested in several successful projects, including Ethereum, Polkadot, and Filecoin. Alex Shin is one of its co-founders and has played a crucial role in the company’s growth and success.

Sandeep Ramesh, on the other hand, is a seasoned investor with extensive experience in the hedge fund industry. He has held various positions in reputable firms such as Goldman Sachs, SAC Capital, and Citadel Investment Group.

Evan Cheng, the CEO of Mysten Labs, is a former director of engineering at Facebook and a veteran of the technology industry. He has been actively involved in the Web3 movement and is known for his work on the Ethereum blockchain.

The Web3 venture fund that Evan Cheng is launching is aimed at supporting projects that are building the next generation of decentralized applications and services. The fund will focus on investing in blockchain infrastructure, developer tools, and other technologies that will enable the growth and adoption of Web3.

The Web3 movement represents a paradigm shift in how we interact with the internet. It aims to create a decentralized, user-centric web that is more transparent, secure, and accessible to all. With the support of venture capital firms like Mysten Labs and Hashed, the Web3 ecosystem is poised for significant growth and innovation in the coming years.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

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