Cryptocurrency incubator Alliance receives strategic investment from Founders Fund, owned by Peter Thiel

ChainCatcher news, according to The Block, Peter Thiel's venture capital firm Founders Fund has made a "strategic long-term investment" in the cryptocurrency incubator Alliance. Although the specific investment amount has not been disclosed, Alliance co-founder Imran Khan stated that Founders Fund has acquired a minority stake in Alliance.

It is reported that this investment was completed last October and the details of the collaboration were finalized this January. As part of this investment, Founders Fund will provide support to Alliance's portfolio companies.