Seven Seven Six, a venture capital firm led by Reddit co-founder Alexis Ohanian, announced it is raising a $177.6 million crypto investment fund called Kryptós. The fund will be the first crypto-focused investment fund launched by Seven Seven Six and is expected to launch in October 2022 – with plans to invest in crypto startups. It is reported that Seven Seven Six has already participated in investments such as web3 wallet Rainbow, BAYC development company Yuga Labs, and NFT project Doodles.