Tekin Salimi, a former general partner at Polychain Capital has created a blockchain-focused investment fund. This will be transformed into a founder-owned decentralized autonomy organization (DAO), which offers a unique way for startups to get rewarded for what they do.

The $125 million fund, known simply as “dao5,” will invest in blockchain and cryptocurrency projects in their pre-seed and seed stages. A pre-seed round is a crucial part of startup life. It helps founders start their businesses. This is the initial equity financing round.