[Dragonfly Completes $650 Million Series IV Fundraising] On February 17, cryptocurrency venture capital firm Dragonfly announced the completion of a $650 million Series IV fundraising. Partner Tom Schmidt stated that the industry is undergoing significant transformation, and more tokens representing real-world assets will emerge in the future. Dragonfly's investment strategy has shifted from the early Web3 vision to a stronger focus on the fintech sector. The newly raised funds will be used to drive blockchain development.