Remote worker earns record month
@famous_dyl reported earning $13,714 in his best month after five months of remote work and is now hiring. Dragonfly closed its 4th fund at $650M despite "mass extinction" markets, investing in Polymarket, Ethena, and Monad.
- Dragonfly's new $650 million "Fund IV" matches the size of its third fund, which also raised $650 million in 2022. - The current venture capital market for crypto has seen a downturn, with funding in early 2025 at only 12% of the levels seen in the second quarter of 2022. Despite these "mass extinction" market conditions, Dragonfly's latest fund was oversubscribed, exceeding its initial $500 million target. - One of the fund's investments, Monad Labs, is developing a new blockchain that is compatible with the Ethereum Virtual Machine (EVM) and recently raised $225 million in a funding round led by Paradigm. - Another investment, prediction market platform Polymarket, has seen significant growth, with a reported valuation that could reach $15 billion in new funding talks. The company also secured a major investment of up to $2 billion from Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange. - Ethena Labs, also backed by Dragonfly, is the creator of the USDe synthetic dollar. The company recently secured $100 million in a private token sale from investors including Franklin Templeton and Fidelity's venture capital arm, F-Prime. - The crypto venture capital landscape is shifting its focus towards more sustainable business models with real revenue, such as stablecoin infrastructure and on-chain prediction markets, which aligns with Dragonfly's recent investments.
