Saber Labs founders launch $100 million crypto fund named Protagonist

Quick Take

  • Protagonist, a new crypto venture capital fund, has launched with $100 million in capital.
  • Its founders include the people behind Saber Labs, a Solana-based cross-chain decentralized exchange.

A new crypto venture capital fund called Protagonist has been launched with $100 million in funds.

Protagonist's founders include Dylan Macalinao and Ian Macalinao of Saber Labs, a Solana-based cross-chain decentralized exchange, the firm announced on Tuesday. 

Based in Miami, Protagonist plans to invest in and incubate early-stage web3 protocols and startups across verticals, including gaming, infrastructure, security and privacy. Its current investments include Aptos, a new Layer 1 blockchain; Cardinal, a Solana-based NFT utility protocol; and Cogni, a digital banking platform.

"Protagonist is focused on investing in and incubating the core protocols that will support the emerging web3 ecosystems," Dylan Macalinao said in a statement. "There will continue to be multiple thriving blockchain networks as each chain forms its own niche of applications and primitives in the next 20 years, and we are excited to play a big part in supporting these networks."

Protagonist said it's also developing and incubating its own protocols in-house.