Dragonfly Partner Qureshi Urges Zcash Development Fund to Cease Operations After Its 2028 Expiry
1 hours ago
Haseeb Qureshi, managing partner at crypto-focused venture capital firm Dragonfly, proposed that the Zcash Development Fund cease operations after its 2028 expiration under current rules. Qureshi wrote in a post: "I believe this should be the last iteration of the development fund." He noted that the fund’s current size is sufficient to support Zcash’s remaining development work, and as its value approaches $100 million, it risks becoming "politicized" in the future. Per ZecStats data, as of press time, the Zcash Development Fund holds 63,962 ZEC, worth approximately $95 million. The remarks come amid growing industry debate over the development fund’s expanding size, which has surged in value amid recent ZEC price gains. Others argue that Zcash should retain the development fund. Paradigm founder Matt Huang said Wednesday that the fund is particularly important amid rising AI-powered cyberattack capabilities and rapid advances in quantum computing.
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