Crypto Investor and billionaire Mike Novogratz is backing virtual real estate company, Republic Real

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Virtual real estate developer Republic Realm secured substantial investment from Galaxy Interactive, part of Galaxy Digital, a crypto focused financial services group founded by Billionaire Mike Novogratz. Janine Yorio, Co-head at Republic Realm, told Reuters in an event that Mike Novogratz's backing was a vote of confidence for the $10 million investment vehicle, without disclosing the terms of the deal. Mike Novogratz, ex-hedge fund manager at Fortress Investments and a partner at Goldman Sachs left his previous job to focus on his cryptocurrency investments, and founded Galaxy Digital, with Goldman Sachs as one of its clients. With this investment, Galaxy Interactive has taken a lead investor role in the company.