[New crypto venture fund Reforge plans to raise $80 million] Golden Finance reported that according to Bloomberg, Alexander Lin and Carl Hua founded a new venture fund Reforge, planning to raise $80 million, and have raised $25 million so far. Through Reforge, Lin hopes to find technologies that make it easier for founders and developers to accept blockchain. He said: "We believe that the current first-layer blockchain landscape cannot meet the needs of the best consumer founders." In addition, Alexander Lin, co-founder of Reforge Venture Capital Fund, believes that the main reason is that capital allocators push for the rapid launch of tokens to obtain returns. He also criticized the overheated investment in cross-border startups between crypto and artificial intelligence, and questioned the feasibility of decentralized computing networks to meet the power needs of AI tools. It is reported that both Lin and Carl Hua held senior positions at Shima Capital until they left in January this year to establish Reforge.
