Ethereum OGs are making a major move in the world of technology investments. Konstantin Lomashuk and Vasiliy Shapovalov, early investors in Ethereum, have set aside $100 million to invest in cutting-edge technologies such as cryptocurrency, artificial intelligence (AI), and robotics. The duo is relaunching their investment firm, cyber.Fund, with the goal of accelerating the transition to an open cybernetic economy.
According to cyber.Fund, the new fund will support both existing portfolio companies and new projects and teams. Lomashuk and Shapovalov believe that by investing capital, they can propel the development of these technologies.
The $100 million investment firm is solely funded by the founders of cyber.Fund. This move comes at a time when the inflow of fresh capital into the crypto and blockchain industry has slowed down, while investments in AI have soared.
Before this relaunch, cyber.Fund was active between 2014 and 2018, during which it invested in projects like Ethereum, Cosmos, Polkadot, and Solana. The firm also played a role in building Lido Finance and P2P. With their renewed focus, cyber.Fund aims to create a more open, efficient, and sustainable economy, believing that these technologies can bring unprecedented prosperity to the world.
Cyber-Fund sees the emergence of a “cybernetic” world as inevitable and believes that blockchain, robotics, and AI will be crucial in shaping this paradigm shift. Lomashuk emphasizes their commitment to keeping Ethereum censorship-resistant and decentralized, stating that they now want to invest in founders who share those values and are building open-source technologies for the betterment of humanity.
Overall, this $100 million investment from Ethereum OGs reflects their continued belief in the potential of crypto, AI, and robotics and their commitment to advancing these industries.