The photo shows something that is not real. INA FASSBENDER is pictured.
INA FASSBENDER is pictured.
Sam Peurifoy, a former Goldman Sachs banker, is joining a former Citigroup executive in launching a $1.5 billion fund for cryptocurrencies.
Hivemind Capital Partners is an investment firm being launched by Matt Zhang, who was most recently a global co-head of structured products trading at Citigroup.
He hired Peurifoy to run the play-to-earn segment. Peurifoy makes money in the video game world of Axie Infinity, where he's known as "Das Kapitalist" and gives digital token to new players and splits the winnings.
The two people did not respond to the messages from Insider. He said he's excited about his new venture and second life.
In a press release, Zhang said, "We believe that the technology is a paradigm shift and we are still in the early stages."
Hivemind said it will focus on making venture investments, trading digital assets, and setting up a "play-to-earn" strategy.
Peurifoy said he would focus on building and scaling gaming communities to help individual members live and earn money in the digital world.
Over the last several years, banks have been adding roles related to cryptocurrencies and offering a sweet deal to new hires. More funds are coming onto the scene, like one launched by the Coinbase cofounder and former Sequoia partner.
Business Insider has an original article.
