The name RedlineCapital was restructured into RedlineDAO, and for new venture capital a total of $ 120 million was launched.

On September 23, Redline Capital, a blockchain trading company, announced that it had restructured its stake in Redline DAO and was born as an independent business organization. Simultaneously, Redline DAO will announce six new companies, worth $ 20 million each, which will include competition in Solana Ecology, AVAX Ecology, DeFi, NFT, GameFi and Trade. Redline DAO is an organization formed by the basic concept of blockchain, and its members for the developer adhere to the principles of equality, fairness, relationship and relationship. , and strive to explore the benefits of early blockchain and provide full incubation. To support both parties, and with the growth of the start-up, Redline DAO currently has a net worth of over $ 500 million, and external funding is temporarily unavailable. First Redline Capital is a blockchain fund focused on early trading in the blockchain and other industries, and has invested in over 100 blockchain projects, including FTX, DODO, FOR, Kine, BitWell, and more.