1confirmation, a Venture capital firm, has declared a fund of forty-five million dollars ($45M) for investments in crypto-related companies. 1confirmation: Providing funds to blockchain startups The firm had previously established a fund focusing on seed rounds that amounted circa twenty-six million dollars ($26M). The fund was led by Coinbase employee Nick Tomaino. Nick stated that the team wanted to start small and prove the model’s credibility. If the model worked, the capital would be raised subsequently. The model worked well, and the idea received strong support from its existing partners that allowed it to launch a more substantial second fund.
