Reddit co-founder plans to invest $117 million in cryptocurrencies

In recent years, a large number of celebrities or influential people have decided to invest in cryptocurrencies or NFTs in order to evaluate their investment. Most recently, we had the opportunity to learn on this topic that the fund with the code name “Kryptós”, the fund of Reddit co-founder Alexis Ohanian, plans to invest 117 million dollars in cryptocurrencies, which would make this fund one of the largest crypto investors. he has been involved in the crypto sector in the past, such as launching avatars on the NFT market.

“This is the best time to buy if you’re really long on the industry. It’s on sale. Everything is on sale.”

It is currently unclear how the future market situation will affect VC funding in the crypto industry and its impact on crypto companies. Among other things, many established companies have become dominant entities in the cryptocurrency market, such as Alphabet. As we mentioned above, the co-founder of Reddit, Ohanian, was involved in the launch of avatars in the NFT market. Through this feature, users can get blockchain-based profile pictures, while the price of these NFTs is fixed. It will be so interesting to see how his fund will use his experience in this case.