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Whoa. ConsenSys is launching a $50M venture fund for blockchain startups

The blockchain life awaits. (Image via ConsenSys)

The fund will instantly become the largest venture fund in Brooklyn.

In what could be a huge development for the blockchain ecosystem, Bushwick’s ConsenSys will start a $50 million venture fund for blockchain startups, the International Business Times is reporting.

The size of the fund would make it instantly the largest venture fund in Brooklyn, multiples higher than seed funds Brooklyn Bridge Ventures and the Blue Seed Collective.

The fund will be led by Kavita Gupta, who has previously worked for the World Bank.

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