Hack VC, a New York-based venture capital firm, has raised $150 million for early-stage crypto and AI startups, increasing their total assets to approximately $425 million.

The firm's investment focus includes decentralized finance, asset tokenization, and blockchain infrastructure, with an aim to enhance user-friendliness and efficiency in crypto, and bolster security against smart contract and protocol hacks.

Despite market uncertainties, Hack VC maintains a strong belief in the potential of cryptocurrency.

Hack VC's track record includes funding prominent projects like Consensys, Sui, and Helium.

With a growing trend in venture funding for Web3 companies, Hack VC positions itself to support a range of investments from hundreds of thousands to millions of dollars, particularly in the 'Web3 x AI' niche.

Their strategic vision involves fostering the development of next-generation Web3 companies and contributing to the necessary infrastructural evolution within the sector.