Proof of Capital is a new $50M blockchain fund that's backed by HTC

It's often said that the dramatic fall of crypto prices last year ushered in a new era for technology-focused startups in the blockchain space, and the same argument can be made for the venture capitalists who fund them. Proof of Capital is the latest fund to emerge after it officially announced a maiden $50 million fund today. The fund is led by trio Phil Chen, who created HTC's Vive VR headset and is currently developing its Exodus blockchain phone (he spent time as a VC with Horizons Ventures in-between); Edith Yeung, who previously headed up mobile for 500 Startups; and Chris McCann, whose last role was head of community for U.S. VC firm Greylock Partners.