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.
189 comments
Your place is valueble for me. Thanks!…
Respect to article author, some excellent selective information.
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.
Great – I should definitely pronounce, impressed with your site. I had no trouble navigating through all the tabs as well as related info ended up being truly simple to do to access. I recently found what I hoped for before you know it at all. Reasonably unusual. Is likely to appreciate it for those who add forums or something, web site theme . a tones way for your customer to communicate. Nice task.
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?
With havin so much written content do you ever run into any problems of plagorism or copyright violation? My website has a lot of exclusive content I’ve either created myself or outsourced but it seems a lot of it is popping it up all over the web without my agreement. Do you know any techniques to help stop content from being ripped off? I’d certainly appreciate it.
Great post. I am facing a couple of these problems.
I’ve been absent for some time, but now I remember why I used to love this web site. Thank you, I¦ll try and check back more often. How frequently you update your website?
Your point of view caught my eye and was very interesting. Thanks. I have a question for you.
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.
Your point of view caught my eye and was very interesting. Thanks. I have a question for you.
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
Just wanna remark on few general things, The website style is perfect, the subject material is real good : D.
Your article helped me a lot, is there any more related content? Thanks!
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
You made some clear points there. I did a search on the subject and found most persons will go along with with your site.
You have brought up a very fantastic details , thankyou for the post.
Your article helped me a lot, is there any more related content? Thanks!
What’s Happening i’m new to this, I stumbled upon this I’ve found It positively useful and it has helped me out loads. I hope to contribute & aid other users like its aided me. Good job.
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
Lovely site! I am loving it!! Will come back again. I am bookmarking your feeds also
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?
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?
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
Your article helped me a lot, is there any more related content? Thanks!
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.
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.
Your article helped me a lot, is there any more related content? 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?
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.
I like this blog very much, Its a real nice
office to read and obtain information.Money from blog
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.
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.
Very efficiently written story. It will be helpful to everyone who employess it, as well as myself. Keep up the good work – i will definitely read more posts.
Good write-up, I am normal visitor of one’s site, maintain up the nice operate, and It is going to be a regular visitor for a lengthy time.
I’m still learning from you, while I’m improving myself. I certainly liked reading all that is written on your blog.Keep the posts coming. I enjoyed it!
When I originally commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get several emails with the same comment. Is there any way you can remove people from that service? Thanks!
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.
It is the best time to make some plans for the future and it’s time to be happy. I have read this post and if I could I want to suggest you some interesting things or suggestions. Maybe you could write next articles referring to this article. I want to read even more things about it!
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.
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.
Whats up very nice site!! Man .. Beautiful .. Superb .. I’ll bookmark your web site and take the feeds also…I am satisfied to seek out so many useful information here in the publish, we’d like develop extra strategies in this regard, thanks for sharing. . . . . .
Some really superb information, Glad I discovered this.
Thanks for the sensible critique. Me & my neighbor were just preparing to do a little research about this. We got a grab a book from our local library but I think I learned more from this post. I’m very glad to see such fantastic info being shared freely out there.
I really appreciate this post. I have been looking everywhere for this! Thank goodness I found it on Bing. You’ve made my day! Thx again
certainly like your web site but you have to check the spelling on quite a few of your posts. A number of them are rife with spelling issues and I find it very bothersome to tell the truth nevertheless I will certainly come back again.
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.
Your article helped me a lot, is there any more related content? Thanks!
Thanks for sharing. I read many of your blog posts, cool, your blog is very good. https://accounts.binance.com/es/register?ref=V3MG69RO
I’ve been absent for some time, but now I remember why I used to love this site. Thank you, I will try and check back more frequently. How frequently you update your website?
Hello There. I discovered your weblog the use of msn. This is an extremely smartly written article. I will make sure to bookmark it and come back to learn more of your useful info. Thank you for the post. I will definitely return.
Hmm is anyone else experiencing problems with the images on this blog loading? I’m trying to figure out if its a problem on my end or if it’s the blog. Any feed-back would be greatly appreciated.
I was studying some of your articles on this internet site and I think this website is very informative ! Retain putting up.
I was reading through some of your articles on this internet site and I conceive this web site is rattling instructive! Keep posting.
Your article helped me a lot, is there any more related content? 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?
Hi, Neat post. There is a problem with your website in internet explorer, would check this… IE still is the market leader and a good portion of people will miss your excellent writing due to this problem.
Hi there! I could have sworn I’ve been to this site before but after browsing through some of the post I realized it’s new to me. Anyhow, I’m definitely happy I found it and I’ll be book-marking and checking back frequently!
Your article helped me a lot, is there any more related content? Thanks! https://accounts.binance.com/ur/register?ref=WTOZ531Y
It’s actually a great and useful piece of info. I am glad that you shared this useful info with us. Please keep us up to date like this. Thanks for sharing.
Your point of view caught my eye and was very interesting. Thanks. I have a question for you. https://accounts.binance.com/pt-PT/register?ref=DB40ITMB
I appreciate, cause I found exactly what I was looking for. You’ve ended my 4 day long hunt! God Bless you man. Have a great day. Bye
Utterly composed articles, Really enjoyed looking through.
I will immediately seize your rss feed as I can’t in finding your email subscription link or newsletter service. Do you’ve any? Kindly let me recognise in order that I may subscribe. Thanks.
Hi! This is kind of off topic but I need some guidance from an established blog. Is it very hard to set up your own blog? I’m not very techincal but I can figure things out pretty quick. I’m thinking about setting up my own but I’m not sure where to begin. Do you have any ideas or suggestions? Many thanks
I like this web site very much so much superb info .
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/sl/register?ref=OMM3XK51
Your point of view caught my eye and was very interesting. Thanks. I have a question for you.
Have you ever thought about writing an e-book or guest authoring on other blogs? I have a blog based on the same subjects you discuss and would really like to have you share some stories/information. I know my visitors would enjoy your work. If you are even remotely interested, feel free to shoot me an email.
Hello my loved one! I want to say that this article is amazing, great written and include approximately all important infos. I’d like to see extra posts like this.
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
I do agree with all of the ideas you have presented in your post. They’re really convincing and will certainly work. Still, the posts are too short for beginners. Could you please extend them a little from next time? Thanks for the post.
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/en-NG/register?ref=JHQQKNKN
Hi there, I found your blog via Google while looking for a related topic, your site came up, it looks good. I’ve bookmarked it in my google bookmarks.
Thanks for sharing. I read many of your blog posts, cool, your blog is very good. https://accounts.binance.com/en-IN/register-person?ref=UM6SMJM3
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?
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?
Do you mind if I quote a few of your articles as long as I provide credit and sources back to your site? My blog site is in the exact same niche as yours and my users would really benefit from some of the information you provide here. Please let me know if this okay with you. Appreciate it!
Its excellent as your other articles : D, regards for posting.
I genuinely enjoy looking at on this website, it contains good blog posts. “The living is a species of the dead and not a very attractive one.” by Friedrich Wilhelm Nietzsche.
You have brought up a very excellent details, thanks for the post.
Your point of view caught my eye and was very interesting. Thanks. I have a question for you.
Great wordpress blog here.. It’s hard to find quality writing like yours these days. I really appreciate people like you! take care
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
Greetings! I’ve been following your website for a long time now and finally got the bravery to go ahead and give you a shout out from Porter Texas! Just wanted to tell you keep up the great job!
Hmm is anyone else experiencing problems with the pictures on this blog loading? I’m trying to find out if its a problem on my end or if it’s the blog. Any suggestions would be greatly appreciated.
I enjoy your work, thanks for all the interesting posts.
I like this web blog very much so much great info .
I know this if off topic but I’m looking into starting my own blog and was wondering what all is needed to get setup? I’m assuming having a blog like yours would cost a pretty penny? I’m not very web savvy so I’m not 100 sure. Any suggestions or advice would be greatly appreciated. Thank you
Saved as a favorite, I really like your blog!
Your article helped me a lot, is there any more related content? 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.
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.
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/ru/register?ref=V3MG69RO
I think other website owners should take this website as an model, very clean and good user genial pattern.
Thanks for sharing. I read many of your blog posts, cool, your blog is very good. https://www.binance.com/join?ref=P9L9FQKY
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/fr-AF/register?ref=JHQQKNKN
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.
Your article helped me a lot, is there any more related content? Thanks!
My husband and i were contented when Raymond managed to carry out his reports by way of the ideas he had in your site. It is now and again perplexing to simply always be offering information which often people today could have been selling. We really take into account we have you to give thanks to for this. Most of the illustrations you’ve made, the simple web site menu, the friendships your site make it possible to engender – it’s many wonderful, and it is aiding our son in addition to us reason why the subject is pleasurable, which is incredibly indispensable. Thanks for the whole lot!
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?
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.
Excellent website. Lots of helpful info here. I am sending it to several pals ans also sharing in delicious. And of course, thanks on your sweat!
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.info/register?ref=P9L9FQKY
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
Your article helped me a lot, is there any more related content? Thanks!
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
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-person?ref=YY80CKRN
With havin so much written content do you ever run into any problems of plagorism or copyright infringement? My blog has a lot of completely unique content I’ve either written myself or outsourced but it looks like a lot of it is popping it up all over the internet without my agreement. Do you know any techniques to help reduce content from being stolen? I’d definitely appreciate it.
hello!,I like your writing very a lot! share we be in contact extra about your post on AOL? I require an expert in this area to solve my problem. Maybe that’s you! Having a look ahead to look you.
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/en-NG/register?ref=JHQQKNKN
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!
Your article helped me a lot, is there any more related content? Thanks!
Thanks for sharing. I read many of your blog posts, cool, your blog is very good. https://accounts.binance.com/sl/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.
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.
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?
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.info/it/join?ref=S5H7X3LP
I not to mention my pals have already been taking note of the excellent guidelines on your web site then immediately I had a horrible suspicion I had not thanked the blog owner for them. All the women were definitely totally excited to read through all of them and now have very much been having fun with them. Thank you for truly being quite accommodating as well as for pick out such great ideas most people are really eager to discover. My honest regret for not expressing appreciation to you sooner.
Your place is valueble for me. Thanks!…
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
Your point of view caught my eye and was very interesting. Thanks. I have a question for you. https://www.binance.com/sl/register?ref=OMM3XK51
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
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.
I must get across my passion for your kindness giving support to women who need assistance with the content. Your special dedication to getting the message around came to be unbelievably beneficial and have regularly enabled most people much like me to arrive at their pursuits. Your new important report denotes a great deal a person like me and extremely more to my fellow workers. Many thanks; from everyone of us.
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.
I enjoy your writing style genuinely loving this website .
Howdy! This is kind of off topic but I need some advice from an established blog. Is it very hard to set up your own blog? I’m not very techincal but I can figure things out pretty quick. I’m thinking about creating my own but I’m not sure where to start. Do you have any tips or suggestions? Thanks
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.
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.
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
Your article helped me a lot, is there any more related content? Thanks!
Thanks for sharing. I read many of your blog posts, cool, your blog is very good. https://accounts.binance.com/vi/register?ref=WTOZ531Y
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
Your article helped me a lot, is there any more related content? Thanks! https://www.binance.com/ka-GE/join?ref=RQUR4BEO
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/si-LK/register?ref=V2H9AFPY
Thank you for demystifying such a complex topic and providing a roadmap for beginners.Face Toner
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
Your point of view caught my eye and was very interesting. Thanks. I have a question for you.
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!
Your article helped me a lot, is there any more related content? 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?
Your article helped me a lot, is there any more related content? Thanks!
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!
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.
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.
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?
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.
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.
Your article helped me a lot, is there any more related content? Thanks!
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
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.
Howdy! This is my first visit to your blog! We are a collection of volunteers and starting a new project in a community in the same niche. Your blog provided us beneficial information to work on. You have done a outstanding 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.
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
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?
Your point of view caught my eye and was very interesting. Thanks. I have a question for you.
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.
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.
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.
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.
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.
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.
Your point of view caught my eye and was very interesting. Thanks. I have a question for you.
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.
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.
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.
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.
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?
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.
Your point of view caught my eye and was very interesting. Thanks. I have a question for you.
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!
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.
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?
Your point of view caught my eye and was very interesting. Thanks. I have a question for you.