Reforge Plans To Raise $80 Million For Crypto Venture Fund

According to BlockBeats, Reforge, a crypto venture fund, is planning to raise $80 million and has already secured $25 million. The fund was co-founded by Alexander Lin and Carl Hua, both of whom previously held senior positions at Shima Capital before leaving in January to establish Reforge. Their goal is to develop technology that makes blockchain more accessible to founders and developers. Alexander Lin, co-founder of Reforge, highlighted that the pressure from capital allocators to quickly launch tokens for returns is a significant issue. He also criticized the overinvestment in startups that intersect cryptocurrency and artificial intelligence, questioning the feasibility of decentralized computing networks meeting the power demands of AI tools.