VanEck’s New Fund: Because Who Needs Hype When You Have Reality? 🚀

In the quiet monotony of our existence, VanEck, a prestigious name that should’ve stayed asleep, has awakened to announce its latest folly—an investment fund called PurposeBuilt—intended for those brave souls creating actual, tangible things on Avalanche. One might wonder if anyone truly understands what’s real anymore, or if it’s just another game of pretend.

Set to emerge into the world in June 2025, this fund will favor those building stuff that actually matters—long-term token utility and real value—rather than chasing fleeting trends like children after bubbles in a flooded pond.

“Just stumbled upon—sorry, announced—that @vaneck_us is launching PurposeBuilt, a fund for actual businesses on Avalanche. Who knew?”

This signals a profound belief—perhaps misplaced—in Avalanche, and a desperate attempt to put GDP on-chain, because apparently, that’s what the future looks like.

🧵 Read the entire tragicomic story 👇

— Avalanche🔺 (@avax) May 21, 2025

The team managing this venture isn’t exactly rookies—they’re behind the Digital Assets Alpha Fund (DAAF), a liquid token fund boasting over $100 million AUM, so naturally, they’re bringing their bottomless well of fundamentals-first strategy to the ever-expanding universe of Avalanche. Or so they say.

“The real treasure in crypto will come from honest businesses, not just more shiny infrastructure,” declared Pranav Kanade, a Portfolio Manager who clearly believes he’s a prophet. “Avalanche has become a magnet for sincere builders, and with PurposeBuilt, we’re pouring capital into those creating lasting value—nothing flashy, just real work. Who needs hype when you have actual plans?”

With assets under management exceeding $116 billion, VanEck, the giant that’s been sniffing out opportunities like a bloodhound on a scent, now turns its gaze to entrepreneurs in gaming, AI, DeFi, payments, and finance—on Avalanche, because that’s where the magic supposedly happens.

The fund plans to swoop in around Token Generation Events (TGEs), backing liquid tokens and early-stage ventures. Unsurprisingly, if capital isn’t deployed onchain through Avalanche-supported assets like tokenized money market funds, it will sit somewhere, gathering dust—or perhaps causing dust to gather.

This initiative signals a subtle (or perhaps not so subtle) shift in crypto philosophy—away from hype and toward products that could conceivably make a difference. Or so they hope. Because let’s face it, supporting “mission-driven founders” is more noble than chasing after the next pump.

“Market hype often swallows honest founders,” grumbled the firm, or perhaps just their PR department. “PurposeBuilt aims to bring clarity, not to get lost in the noise.”

John Nahas from Ava Labs notes wisely that Avalanche continues to attract those creating “real-world applications,” perhaps because the hype has become a bore—a dull, repetitive noise that nobody believes anymore.

VanEck’s long-term conviction and capital are their gifts to the brave builders who dare to dream about an actual utility, not just a pump-and-dump scheme dressed up in blockchain clothes.

Details are reserved for the select—qualified purchasers only, of course—because who wouldn’t want to eat this investment pie? As VanEck boldly bets on making GDP go ‘onchain,’ the one certainty is that real-world use cases now have a heavyweight financial backing, for better or worse.

2025-05-21 15:07

Read More