Crypto.com Capital Hires Jon Russell as LP, Hints at Expanding Fund Size

Crypto.com Capital Hires Jon Russell as LP, Hints at Expanding Fund Size
Crypto.com Capital announced Monday that it is expanding its $200 million Web 3 fund, and it has appointed Jon Russell, a former technology journalist based in Bangkok where he wrote for Tech Crunch and The Ken, as an Asia-based limited partner.Crypto.com Capital initially launched the fund in March 2021 with $200 million in capital, targeting seed and Series A deals in verticals like DeFi, NFTs, blockchain gaming and the metaverse.The fund is currently run by Crypto.com co-founder Bobby Bao and is hiring more LPs around the world. Russell will help expand the fund’s exposure to Asia-based projects.Russell told CoinDesk that…