Seattle Blockchain VC Bloccelerate Raises $20M for Second Fund Amid Crypto Market Slowdown

Seattle-based blockchain VC firm Bloccelerate is raising a second fund and has secured $20 million so far, building on its original $12 million fund from 2020. Despite a slowdown in blockchain and Web3 startup funding during the crypto market downturn, Bloccelerate and other firms like Andreessen Horowitz continue to invest heavily in the space.

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