Matt Zhang, a former executive at Citigroup, has launched a $1.5 billion crypto venture fund called Hivemind Capital Partners.
The crypto supplement Hivemind, headquartered in New York, plans to focus on four different strategies. Yield staking, trading, venture capital investments and play-to-earn (P2E) gaming. The company has also recruited former Goldman Sachs analyst Sam Peurifoy.
According to Zhang, Peurifoy’s leadership in the P2E Gaming arm distinguishes the fund from other funds on the market. Peurifoy is recognized as a key community leader in the most popular crypto game, Axie Infinity.
Hivemind’s inclusion of P2E games in its investment strategy seems highly in line with the growing demand for crypto games.