Tykhe Block Ventures, a USA based Venture Capital firm, has announced the first close of it’s Blockchain Growth Fund. The first close was led by a clutch of UHNWIs and Family Offices operating in South-East Asia & Middle East. The firm has also committed that approximately $10 Mn of the fund will be allocated to invest in blockchain & Web3 startups in the Middle East region. Tykhe is also in the process of setting up their Dubai office and aims to launch a $100 Mn fund later this year.
Tykhe Block Ventures was started in 2021 by Prashant Malik, one of the leading investors in SEA (early investor in multiple unicorns like Urbanclap, Shadowfax, OfBusiness, Coinswitch) and widely recognized as the creator of Apache Cassandra – the distributed database used by majority of technology enterprises globally. Prashant built Cassandra when he joined Facebook as one of the earliest employees – that was later open-sourced as Apache Cassandra.
“My passion for the blockchain space started in 2016, as it drew a lot of parallels from Cassandra which is a peer-to-peer masterless database running on a voting mechanism similar to blockchain. In 2021, together with my partners, we launched a pilot blockchain fund which did considerably well. That gave us the belief to launch the $30 Mn Blockchain Growth Fund. Despite the softness in the market, we have seen great interest from investors who believe that blockchain is going to be the next big narrative in the technology space, like how social media was when I started building Facebook.” said Prashant.
As Sponsors, Prashant and other Investment Partners have committed $5 Mn into the fund. The fund managers bring together a combined 30+ years of core blockchain investing experience where they have invested in more than 80+ companies.
“Stellar teams building in blockchain space reach out to us to access not just venture capital, but also relationship capital. Given my experience building Cassandra, I am able to guide them on setting a scalable and secure architecture for DLT (distributed ledger technology).” quoted Prashant. Some of the recent investments done as part of the Blockchain Growth Fund comprise of Trust Machines, Fan Tiger, DWallet Labs (Odsy Network), NFTPerp, Convrse.
The blockchain space has been recently marred by implosions of companies like Celsius, FTX and in general a deep correction in cryptocurrency prices. However, Tykhe views these developments as a necessary and healthy correction. “All the players that went down were centralized entities and have no co-relation to the ethos of blockchain technology – which stands for decentralization. Thanks to our thesis of investment in pure decentralized networks, our portfolio companies have been doing reasonably well, despite the global downturn. Infact, we are probably one of the few funds in our space that has clocked high-double digit returns in the last year – when everyone else has seen a deep correction” spoke Ganesh, who leads the Investment Team.
The global Web3 market size reached $3.2 billion in 2021 and is expected to register a CAGR of 43.7% to reach $81.5 billion in 2030, according to Emergen Research published in June 2022. Middle East, and specifically Dubai, is home to a number of blockchain and cryptocurrency startups and exchanges, making it a natural hub for the industry.
107 comments
Your point of view caught my eye and was very interesting. Thanks. I have a question for you.
Your article helped me a lot, is there any more related content? Thanks!
Thank you very much for sharing. Your article was very helpful for me to build a paper on gate.io. After reading your article, I think the idea is very good and the creative techniques are also very innovative. However, I have some different opinions, and I will continue to follow your reply.
Thank you very much for sharing. Your article was very helpful for me to build a paper on gate.io. After reading your article, I think the idea is very good and the creative techniques are also very innovative. However, I have some different opinions, and I will continue to follow your reply.
I am a website designer. Recently, I am designing a website template about gate.io. The boss’s requirements are very strange, which makes me very difficult. I have consulted many websites, and later I discovered your blog, which is the style I hope to need. thank you very much. Would you allow me to use your blog style as a reference? thank you!
I am a website designer. Recently, I am designing a website template about gate.io. The boss’s requirements are very strange, which makes me very difficult. I have consulted many websites, and later I discovered your blog, which is the style I hope to need. thank you very much. Would you allow me to use your blog style as a reference? thank you!
I am a website designer. Recently, I am designing a website template about gate.io. The boss’s requirements are very strange, which makes me very difficult. I have consulted many websites, and later I discovered your blog, which is the style I hope to need. thank you very much. Would you allow me to use your blog style as a reference? thank you!
I am a website designer. Recently, I am designing a website template about gate.io. The boss’s requirements are very strange, which makes me very difficult. I have consulted many websites, and later I discovered your blog, which is the style I hope to need. thank you very much. Would you allow me to use your blog style as a reference? thank you!
I am a website designer. Recently, I am designing a website template about gate.io. The boss’s requirements are very strange, which makes me very difficult. I have consulted many websites, and later I discovered your blog, which is the style I hope to need. thank you very much. Would you allow me to use your blog style as a reference? thank you!
The point of view of your article has taught me a lot, and I already know how to improve the paper on gate.oi, thank you. https://www.gate.io/fr/signup/XwNAU
Thanks for shening. I read many of your blog posts, cool, your blog is very good. https://accounts.binance.com/en/register?ref=P9L9FQKY
I may need your help. I’ve been doing research on gate io recently, and I’ve tried a lot of different things. Later, I read your article, and I think your way of writing has given me some innovative ideas, thank you very much.
Thank you for your shening. I am worried that I lack creative ideas. It is your enticle that makes me full of hope. Thank you. But, I have a question, can you help me? https://www.binance.com/en/register?ref=P9L9FQKY
Your point of view caught my eye and was very interesting. Thanks. I have a question for you. https://accounts.binance.com/en/register-person?ref=P9L9FQKY
The point of view of your article has taught me a lot, and I already know how to improve the paper on gate.oi, thank you. https://www.gate.io/fr/signup/XwNAU
I have read your article carefully and I agree with you very much. This has provided a great help for my thesis writing, and I will seriously improve it. However, I don’t know much about a certain place. Can you help me? https://www.gate.io/pt-br/signup/XwNAU
Thank you for your shening. I am worried that I lack creative ideas. It is your enticle that makes me full of hope. Thank you. But, I have a question, can you help me? https://accounts.binance.com/en/register-person?ref=P9L9FQKY
Your point of view caught my eye and was very interesting. Thanks. I have a question for you. https://accounts.binance.com/en/register?ref=P9L9FQKY
I have read your article carefully and I agree with you very much. This has provided a great help for my thesis writing, and I will seriously improve it. However, I don’t know much about a certain place. Can you help me? https://www.gate.io/pt/signup/XwNAU
Thanks for shening. I read many of your blog posts, cool, your blog is very good. https://www.binance.com/en/register?ref=P9L9FQKY
Can you be more specific about the content of your enticle? After reading it, I still have some doubts. Hope you can help me. https://accounts.binance.com/en/register?ref=P9L9FQKY
I have read your article carefully and I agree with you very much. This has provided a great help for my thesis writing, and I will seriously improve it. However, I don’t know much about a certain place. Can you help me? https://www.gate.io/fr/signup/XwNAU
The point of view of your article has taught me a lot, and I already know how to improve the paper on gate.oi, thank you. https://www.gate.io/vi/signup/XwNAU
I may need your help. I’ve been doing research on gate io recently, and I’ve tried a lot of different things. Later, I read your article, and I think your way of writing has given me some innovative ideas, thank you very much.
The point of view of your article has taught me a lot, and I already know how to improve the paper on gate.oi, thank you. https://www.gate.io/pt-br/signup/XwNAU
I have read your article carefully and I agree with you very much. This has provided a great help for my thesis writing, and I will seriously improve it. However, I don’t know much about a certain place. Can you help me? https://www.gate.io/ru/signup/XwNAU
The point of view of your article has taught me a lot, and I already know how to improve the paper on gate.oi, thank you. https://www.gate.io/th/signup/XwNAU
Thanks for shening. I read many of your blog posts, cool, your blog is very good. https://accounts.binance.com/en/register?ref=P9L9FQKY
Can you be more specific about the content of your enticle? After reading it, I still have some doubts. Hope you can help me. https://accounts.binance.com/en/register?ref=P9L9FQKY
The point of view of your article has taught me a lot, and I already know how to improve the paper on gate.oi, thank you. https://www.gate.io/ar/signup/XwNAU
The point of view of your article has taught me a lot, and I already know how to improve the paper on gate.oi, thank you. https://www.gate.io/de/signup/XwNAU
Thank you for your shening. I am worried that I lack creative ideas. It is your enticle that makes me full of hope. Thank you. But, I have a question, can you help me? https://accounts.binance.com/en/register-person?ref=P9L9FQKY
Your enticle helped me a lot, is there any more related content? Thanks! https://accounts.binance.com/en/register-person?ref=53551167
The point of view of your article has taught me a lot, and I already know how to improve the paper on gate.oi, thank you. https://www.gate.io/ar/signup/XwNAU
I have read your article carefully and I agree with you very much. This has provided a great help for my thesis writing, and I will seriously improve it. However, I don’t know much about a certain place. Can you help me? https://www.gate.io/th/signup/XwNAU
The point of view of your article has taught me a lot, and I already know how to improve the paper on gate.oi, thank you. https://www.gate.io/pt-br/signup/XwNAU
I may need your help. I tried many ways but couldn’t solve it, but after reading your article, I think you have a way to help me. I’m looking forward for your reply. Thanks.
I may need your help. I tried many ways but couldn’t solve it, but after reading your article, I think you have a way to help me. I’m looking forward for your reply. Thanks.
The point of view of your article has taught me a lot, and I already know how to improve the paper on gate.oi, thank you. https://www.gate.io/ar/signup/XwNAU
Your point of view caught my eye and was very interesting. Thanks. I have a question for you. https://accounts.binance.com/en/register?ref=P9L9FQKY
The point of view of your article has taught me a lot, and I already know how to improve the paper on gate.oi, thank you. https://www.gate.io/pt/signup/XwNAU
I have read your article carefully and I agree with you very much. This has provided a great help for my thesis writing, and I will seriously improve it. However, I don’t know much about a certain place. Can you help me? https://www.gate.io/ja/signup/XwNAU
The point of view of your article has taught me a lot, and I already know how to improve the paper on gate.oi, thank you. https://www.gate.io/ja/signup/XwNAU
The point of view of your article has taught me a lot, and I already know how to improve the paper on gate.oi, thank you. https://www.gate.io/th/signup/XwNAU
Can you be more specific about the content of your enticle? After reading it, I still have some doubts. Hope you can help me. https://www.binance.com/en/register?ref=P9L9FQKY
The point of view of your article has taught me a lot, and I already know how to improve the paper on gate.oi, thank you. https://www.gate.io/ja/signup/XwNAU
The point of view of your article has taught me a lot, and I already know how to improve the paper on gate.oi, thank you. https://www.gate.io/th/signup/XwNAU
Your enticle helped me a lot, is there any more related content? Thanks! https://www.binance.com/en/register?ref=P9L9FQKY
The point of view of your article has taught me a lot, and I already know how to improve the paper on gate.oi, thank you. https://www.gate.io/th/signup/XwNAU
The point of view of your article has taught me a lot, and I already know how to improve the paper on gate.oi, thank you. https://www.gate.io/ar/signup/XwNAU
Reading your article has greatly helped me, and I agree with you. But I still have some questions. Can you help me? I will pay attention to your answer. thank you.
I have read your article carefully and I agree with you very much. This has provided a great help for my thesis writing, and I will seriously improve it. However, I don’t know much about a certain place. Can you help me?
Reading your article helped me a lot and I agree with you. But I still have some doubts, can you clarify for me? I’ll keep an eye out for your answers.
Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me? https://accounts.binance.com/pl/register?ref=V2H9AFPY
Do you mind if I quote a couple of your articles as long asI provide credit and sources back to your website?My blog site is in the very same niche as yours and my users would certainly benefit from some of the information you present here.Please let me know if this okay with you. Thanks!
Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me? https://www.binance.com/fr/register?ref=OMM3XK51
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article. https://accounts.binance.com/ka-GE/register-person?ref=OMM3XK51
Very nice post. I just stumbled upon your blog and wanted to say that I’ve really enjoyed browsing your blog posts. In any case I’ll be subscribing to your feed and I hope you write again soon!
Do you mind if I quote a couple of your articles as long asI provide credit and sources back to your website?My blog site is in the very same niche as yours and my users would certainly benefit from some of the information you present here.Please let me know if this okay with you. Thanks!
Your article helped me a lot, is there any more related content? Thanks! https://accounts.binance.com/lv/register?ref=P9L9FQKY
Thanks for sharing. I read many of your blog posts, cool, your blog is very good. https://accounts.binance.com/cs/register-person?ref=53551167
Thanks for sharing. I read many of your blog posts, cool, your blog is very good. https://www.binance.com/zh-CN/register?ref=S5H7X3LP
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article. https://www.binance.com/it/register?ref=IJFGOAID
Your article helped me a lot, is there any more related content? Thanks! https://accounts.binance.com/pt-BR/register?ref=53551167
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me. https://www.binance.com/fr/register?ref=W0BCQMF1
Your article helped me a lot, is there any more related content? Thanks! https://accounts.binance.com/pl/register-person?ref=OMM3XK51
I am sorting out relevant information about gate io recently, and I saw your article, and your creative ideas are of great help to me. However, I have doubts about some creative issues, can you answer them for me? I will continue to pay attention to your reply. Thanks.
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article. https://accounts.binance.com/tr/register?ref=T7KCZASX
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me. https://accounts.binance.com/zh-CN/register?ref=OMM3XK51
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me. https://accounts.binance.com/pt-BR/register?ref=53551167
Thanks for sharing. I read many of your blog posts, cool, your blog is very good. https://www.binance.com/en/register?ref=YY80CKRN
Your point of view caught my eye and was very interesting. Thanks. I have a question for you. https://www.binance.com/id/register?ref=GJY4VW8W
Thanks for sharing. I read many of your blog posts, cool, your blog is very good. https://www.binance.com/cs/register?ref=B4EPR6J0
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article. https://www.binance.com/sk/register?ref=P9L9FQKY
Thanks for sharing. I read many of your blog posts, cool, your blog is very good. https://accounts.binance.com/es/register?ref=P9L9FQKY
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article. https://accounts.binance.com/zh-CN/register?ref=S5H7X3LP
Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me? https://accounts.binance.com/id/register?ref=S5H7X3LP
Thanks for sharing. I read many of your blog posts, cool, your blog is very good. https://accounts.binance.com/pt-PT/register?ref=DB40ITMB
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me. https://accounts.binance.com/zh-CN/register-person?ref=GJY4VW8W
Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me? https://accounts.binance.com/it/register-person?ref=V2H9AFPY
Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me? https://accounts.binance.com/en/register-person?ref=S5H7X3LP
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article. https://accounts.binance.com/sv/register-person?ref=V2H9AFPY
Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me? https://accounts.binance.com/el/register?ref=GJY4VW8W
Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me? https://accounts.binance.com/ph/register-person?ref=B4EPR6J0
Your point of view caught my eye and was very interesting. Thanks. I have a question for you. https://accounts.binance.com/en/register?ref=V2H9AFPY
Your point of view caught my eye and was very interesting. Thanks. I have a question for you. https://accounts.binance.com/ru/register?ref=UM6SMJM3
Your article helped me a lot, is there any more related content? Thanks! https://accounts.binance.com/ka-GE/register?ref=WTOZ531Y
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article. https://accounts.binance.com/pt-BR/register-person?ref=P9L9FQKY
I truly love your blog.. Very nice colors & theme.
Did you develop this site yourself? Please reply back as I’m planning to create my very
own site and would like to know where you got this from or exactly what the theme is called.
Thank you!
I really like reading a post that can make men and women think.
Also, thanks for permitting me to comment!
Thanks in favor of sharing such a good thought, piece of writing is nice,
thats why i have read it fully
Thanks for any other great post. The place else may anyone get that type of information in such an ideal means
of writing? I’ve a presentation subsequent week, and I’m at the look for such information.
If some one wants expert view concerning blogging afterward i propose him/her to pay
a visit this webpage, Keep up the nice job.
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me. https://www.binance.com/zh-CN/register?ref=53551167
Hi, I would like to subscribe for this web site to
take most up-to-date updates, therefore where can i do it please help out.
He’s accused of sending harassing messages and hyperlinks to specific cosplay sex movies of a 16-year-old to her and her parents last
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me. https://accounts.binance.com/ph/register?ref=V3MG69RO
Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me? https://www.binance.com/id/register?ref=FIHEGIZ8
Thanks for sharing. I read many of your blog posts, cool, your blog is very good. https://www.binance.com/cs/register?ref=V3MG69RO
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article. https://accounts.binance.com/pt-PT/register-person?ref=V3MG69RO
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article. https://accounts.binance.com/bg/register?ref=V2H9AFPY
Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me? https://accounts.binance.com/it/register-person?ref=OMM3XK51
Thanks for sharing. I read many of your blog posts, cool, your blog is very good. https://accounts.binance.com/id/register-person?ref=PORL8W0Z
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article. https://accounts.binance.com/zh-CN/register?ref=IJFGOAID
Your article gave me a lot of inspiration, I hope you can explain your point of view in more detail, because I have some doubts, thank you.
Hey there! Someone in my Myspace group shared this website with us so
I came to look it over. I’m definitely enjoying the information. I’m bookmarking and will
be tweeting this to my followers! Superb blog and outstanding style and design.
Apoiar ferramentas de apostas e estar equipado com uma plataforma diversificada de transações financeiras, a 20Bet oferece suporte tangível aos jogadores. Este é um lugar onde eles podem apostar com dinheiro real, respaldados por concorrentes de diversas disciplinas esportivas. 20bet