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Billionaire Tim Draper Sees Potential in DeFi and Backs New DAO

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Billionaire Tim Draper Sees Potential in DeFi and Backs New DAOBillionaire Tim Draper Sees Potential in DeFi and Backs New DAO

Tim Draper, the billionaire and bull who has backed Tesla (NASDAQ:), SpaceX and Coinbase, is making moves into decentralized finance. He is now investing in DeFi Money Markets DAO (DMM DAO), according to the DMM Foundation’s official announcement on March 16.

Draper Goren Holm Ventures, the leading fintech VC fund focusing on early-stage blockchain startups, has purchased a stake in the form of DMG — the soon-to-be-released governance token that will run the DMM DAO, as stated in the announcement.

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