Based in 2021, MetaWeb Ventures has alredy invested in additional than 30 startups, together with Area of interest, Connect3, in addition to BlockSec. However the principle focus of MetaWeb Ventures is on NEAR Protocol. In 2023, MetaWeb Ventures will run a Second Fund, or “Fund II.”
International crypto enterprise capital funding agency MetaWeb Ventures has introduced the launch of its first fund. Known as “Fund I” or “the Fund”, it obtained as a lot as $30 million in whole capital commitments from such corporations as Sequoia Capital, Dragonfly Capital, GSR Markets, Octopus Community, SevenX, Mentha Companions, and the NEAR Basis. Moreover, such entrepreneurs as Illia Polosukhin (NEAR Basis co-founder), Bo Shao (co-founder of Matrix China), Shawn Shi (Alchemy Pay founder), and Mark Wang (founding father of Dodo).
MetaWeb Ventures is planning to make use of the funds raised for investing in decentralized social media, decentralized finance (DeFi), gaming and decentralized autonomous organizations (DAOs).
Amos Zhang, Managing Companion at MetaWeb Ventures, commented:
“We based MetaWeb to again the longer term Web3 leaders who will disrupt the world via blockchain. As former entrepreneurs, we’ll work aspect by aspect with the founders all through their journey.”
Dani Osorio, Companion at MetaWeb Ventures, added:
“On the core, MetaWeb is exclusive in that we’re all builders who additionally make investments– now we have direct entry to early initiatives as we will present a really particular type of assist to our founders.”
Based in 2021, MetaWeb Ventures has already invested in additional than 30 startups, together with Area of interest, a Web3 social content material app for the membership-based membership, Connect3, a social engagement layer of Web3 and a next-gen decentralized social networking platform, in addition to blockchain safety service supplier BlockSec. However the principle focus of MetaWeb Ventures is on NEAR Protocol.
In 2023, MetaWeb Ventures will run a Second Fund, or “Fund II.”
About MetaWeb Ventures
MetaWeb Ventures was arrange in 2021 as an ecosystem fund for NEAR Protocol. Its aim is to take a position and incubate initiatives throughout DeFi, NFT, metaverse, gaming, social, middleware, and infrastructure within the blockchain. In January this yr, MetaWeb Ventures invested as a lot as $150 million in NEAR Protocol inside its Collection B funding spherical.
Since its launch, MetaWeb Ventures expanded its attain past Close to. It additionally invested in functions on such networks as Ethereum, Aurora, and Cosmos.
The crew behind MetaWeb Ventures consists of crypto veterans who’re pioneers of the trade, skilled engineers, serial entrepreneurs, and graduates from high analysis universities and establishments. Its founder, Amos Zhang, labored on public chains, enterprise blockchain, and SaaS merchandise. He engaged with a dozen Fortune 500 corporations, in addition to among the largest crypto initiatives on the earth.
At current, MetaWeb Ventures’ crew consists of 9 folks primarily based in New York, Denver, Shanghai, Hangzhou, Hong Kong, and Lisbon.
Darya is a crypto fanatic who strongly believes in the way forward for blockchain. Being a hospitality skilled, she is eager about discovering the methods blockchain can change totally different industries and convey our life to a special degree.
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