Dragonfly Partner Qureshi Calls for Zcash Development Fund to Cease Operations After 2028 Expiration

BlockBeats news, September 18 — Haseeb Qureshi, managing partner at crypto-focused venture capital firm Dragonfly, proposed that under current rules, the Zcash development fund should cease operations after its expiration in 2028.

Qureshi wrote: "I think this should be the last development fund." He stated that the fund's current size is already sufficient to support Zcash's remaining development work, and as the fund's value approaches $100 million, it may face "politicization" risks in the future. According to ZecStats data, as of press time, the Zcash development fund holds 63,962 ZEC, worth approximately $95 million.

These remarks come amid ongoing industry discussions about the growing size of the development fund, after ZEC's price increase significantly boosted the fund's value. Some also argue that Zcash should continue to maintain the development fund. Paradigm founder Matt Huang said on Wednesday that against the backdrop of improving AI cyberattack capabilities and the rapid development of quantum computing, the fund is especially important.