Pantera Capital plans to raise $1 billion for a new fund, allocating $200 million for investments in artificial intelligence (AI). The first closure of this fund is expected in 2025.
This initiative marks a significant milestone, emphasizing AI’s anticipated integration into everyday use within the next 10-20 years. According to Cosmo Jiang, a portfolio manager at Pantera Capital, “In 10, 15, 20 years, everyone will be using AI.”
What sets this initiative apart is Pantera’s focus on combining AI with blockchain technology, a strategic move aimed at leveraging AI for business development. Previous funds by Pantera dedicated 15-20% to similar projects, showing a consistent investment trend.
With AI and crypto assets potentially reaching $20 trillion by 2030, Pantera’s investment highlights the evolving crypto market landscape. This strategic move could redefine future blockchain and AI integration, driving innovation and growth.
