Fomo raises $75 million: Big VCs still betting on consumer Crypto

- Fomo successfully secured $75 million, showing that major venture capital funds still have faith and are investing in the consumer-focused crypto space.
- Major cryptocurrencies are facing sell-off pressure, mirroring the downward trend of large tech stocks.
- Michael Saylor, founder of MicroStrategy, is stacking cash.
- Key figures in the Ethereum community have teamed up to fund research and development (R&D) through ETHLabs.

#BinanceSquare #CryptoNews #VCFunding #ETH #BTC

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Source: Decrypt