PANews reported on May 5th that, according to Fortune, crypto venture capital firm Ethereal Ventures has made its first public statement in nearly five years. Founded in 2021 by Min Teo and Ethereum co-founder Joe Lubin, the firm manages approximately $150 million across its two funds and has invested in over 80 early-stage projects to date, including EigenLayer. Reportedly, Ethereal Ventures' first fund has shown strong distributed return on capital (DPI), while its second fund has only deployed less than a quarter of its capital, leaving ample reserves.