Blockchain Builders Announces Completion of $28 Million Fundraising for Fund I
Blockchain Builders Fund announced the successful completion of an oversubscribed fund of $28 million. The fund focuses on investing in blockchain startups from Stanford and other top institutions, having invested over $16 million in 40 blockchain projects, covering areas such as AI, infrastructure, DeFi, DePIN, payments, and RWA. The investment portfolio includes well-known projects like modular AI blockchain 0G, supercomputer project Nexus Labs, open access AI cloud Hyperbolic, and non-blockchain Layer-1 Pod. The fund plans to complete the deployment of the remaining funds by the end of the year, with several projects preparing for TGE (Token Generation Event).
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EIA expects Brent crude spot prices to remain at $100 per barrel for the rest of the year and raises the average price forecasts for this year and next.
The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.
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