In Brief:
- DragonFly Capital, the venture capital investment firm, announced the joining of Rune Christensen.
- Rune is the founder of the protocol behind the world’s largest decentralized stablecoin.
- The joining will advance the state of decentralized economy and support their ecosystem of entrepreneurs.
On 15 November, DragonFly Capital announced on its website about Rune Christensen, the founder of stablecoin protocol MakerDAO, joining the venture capital investment firm.
Rune who is the founder of the protocol behind the world’s largest decentralized stablecoin is joining Dragonfly Capital as a “venture partner”, as per the firm’s website.
DragonFly described Rune as “a pioneer who has been pushing the boundaries of DeFi, DAO governance, and protocol security”.
DragonFly stated on its blog, “We are honored to have him collaborating with us at Dragonfly, advancing the state of the decentralized economy and supporting our ecosystem of entrepreneurs.”
In 2015, Christensen launched MakerDAO with the objective of creating a better, more transparent financial system. Maker proudly stands as one of the first DAOs on the Ethereum blockchain, with over $18B in TVL today.
Infact Maker was the first DeFi protocol to cross $1B in TVL. Interestingly, Maker had recently planned to dissolve the “foundation” to decentralize itself again after positioning itself as a “self-sufficient DAO”
As for Dragonfly, it had invested in Maker in 2019 and also has backed firms including 1inch, Compound, and Tagomi.
The venture capital investing firms have been rampantly roping in new faces and funds these days. For instance, on Monday Paradigm had revealed a massive $2.5 billion in funds to make investments into cryptocurrency companies and startups to grow blockchain technology.
