Arianna Simpson's Autonomous Partners Raises Big Fund for Long-Term Blockchain Investments
Autonomous Partners, a venture capital firm led by Arianna Simpson, has secured significant funding to invest in long-term blockchain technologies. The fund, which has raised low eight-digit figures from investors including Coinbase CEO Brian Armstrong, is focusing on large-cap cryptocurrencies like Bitcoin and Ethereum.
Simpson's firm is bullish on the expanding use-cases of blockchain, with applications in diverse sectors such as logistics, insurance, and music. Autonomous Partners has already invested in 0x, a decentralized transaction protocol on Ethereum, demonstrating its commitment to accelerating transaction speed and scaling blockchain infrastructure.
Despite the enthusiasm, Simpson has expressed concerns about XRP tokens due to potential SEC classification as securities. This echoes Ripple CEO Brad Garlinghouse's stance, who has stated that Ripple's ownership of XRP does not equate to control. Meanwhile, tech legend Steven Wozniak has publicly expressed skepticism about blockchain technology.
Autonomous Partners, with backing from prominent investors like Steve Cohen, is poised to drive innovation in the blockchain space. As use-cases expand and regulatory clarity emerges, the fund's focus on long-term blockchain needs positions it well to capitalize on the sector's growth.
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