Cryptotresix will launch an ai-based venture capital fund with $20 million in assets

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The founder of CryptoTresix announced the creation of a venture capital fund based on artificial intelligence with assets worth about $20 million, Forbes reports.

The fund will use machine learning to identify promising startups and fund them in Series B and C rounds.

According to the creator, this model is designed to eliminate "the limitations of the venture capital world, where decisions are made based on the mentality of the crowd".

At this stage, the project team includes six engineers who analyze LinkedIn, corporate documents and other databases to identify high-growth startups.

The decision to launch the fund comes as part of CryptoTresix's ongoing global expansion. In recent months, the fintech company has acquired banking licenses in at least 10 European countries.

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Graeme Massie

Graeme is a graduate of Mass Communication and Media Studies. He joined the blockchain movement in 2016 when a friend of his introduced him to an investment platform accepting bitcoin. He has never looked back since then. Graeme believes the world needs real change and freedom from poverty. He sees crypto and the underlying distributed ledger technology as the catalyst to a better future for all.