Dragonfly’s Qureshi calls for end to Zcash dev fund after 2028
Industry watchers are debating the fate of the Zcash development fund after the ZEC token’s rally pushed its value above $95 million.
Crypto-focused venture capital firm Dragonfly’s managing partner, Haseeb Qureshi, proposed winding down the Zcash developer fund after it expires under current rules in 2028.
“I’m of the opinion that this should be the final Dev Fund,” wrote Qureshi in a Friday X post, arguing that the fund is large enough to fund remaining work on Zcash and that it risks being “politicized” as it approaches $100 million in value.
The Zcash development fund held 63,962 Zcash (ZEC) tokens at press time, worth about $95 million, according to ZecStats.