Payments Giants PayPal and Visa Invest in Blockchain Capital’s New Fund Focused on DeFi & NFTs

Payments giants PayPal and Visa both have invested in Blockchain Capital’s latest fund. The blockchain-focused venture capital firm raised $300 million in funding for its Fund V from investors, including PayPal and Visa. Blockchain Capital that invests in both crypto and equity assets said the investments would be focused on blockchain infrastructure and application of the technology, NFTs, and decentralized finance (DeFi). The firm said some investors, including both the payments giant, will also be participating in a strategic partnership program. Founded in 2013, the company has invested in more than 110 companies so far, including cryptocurrency exchanges Coinbase and Kraken and Anchorage and non-fungible token (NFT) marketplace OpenSea.