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## Steep Downturn in Crypto Startup Funding
Despite a significant decrease in funding for cryptocurrency startups during the past year, Hack VC has managed to secure a substantial $150 million fund specifically for the digital asset industry. This announcement is set to be made public by the venture capital firm on Tuesday.

## Hack VC’s Investment Strategy
Headquartered in New York, Hack VC has already allocated approximately one-third of the newly acquired fund, with a specific focus on supporting early stage startups. Managing partner, Alex Pack, disclosed this information. It is worth noting that Hack VC has previously raised a $200 million fund in 2022 and has a track record of investing in companies such as blockchain startup Mysten Labs and crypto financial firm Amber Group.

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