The Stable Fund is an entrepreneurship program in San Francisco that focuses on helping businesses to development. Founded in San Francisco, California, United States by Panashe Mahachi, it invests in seed rounds and pre-seed rounds. Its portfolio companies include OpenSea and Daxia. As of March 2020, The Stable Fund has made two investments. Their most recent investment was on May 10, 2018, when OpenSea raised $2M. The Stable Fund has raised a single venture fund, Fund I. This fund was announced on February 17, 2018 and raised a total of $45M. The Stable Fund is an investment fund started by L4, in partnership with MakerDAO. They help startups using the Dai Stablecoin System with business development, financing, and strategic introductions.
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- BlockchainA blockchain is an append-only digital ledger storing a set of time-ordered transactions grouped in blocks that are linked together using cryptographic hashes.
- CryptocurrencyA cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.