New $20M fund eyes blockchain gaming and tokens

Web3 venture capitalists launched a new $20M fund to invest in blockchain gaming and NFT projects.
The fund will target gaming, collectibles, DeFi, layer-1/2 protocols, supply chains, data protection, and infrastructure.
They've identified potential investments and will support undervalued "buy-and-hold" projects like Polygon and Axie Infinity.
Prolonged bear market presents opportunity to invest in early-stage innovative blockchain solutions.
Web3 projects continue attracting investments, with recent funds from Animoca Brands, Vessel Capital, Bitget, and others.

cointelegraph.com

Relevant topic timeline:

8/24/2023

Vessel Capital secures $55M to invest in Web3 infrastructure: Report

Venture capital firm Vessel Capital has launched a $55 million fund to invest in Web3 infrastructure and applications, aiming to assist early-stage crypto founders in launching and growing their projects by providing guidance and advice. The fund's resources will be deployed over a five-year period, and the team's experience as startup founders will enable them to better understand entrepreneurs' needs.

8/27/2023

Crypto funding: $24M week for bitcoin miner, crypto lending platform

Five crypto and blockchain-based companies raised a total of $24 million this week, with notable fundraises including $13 million for bitcoin mining company Nodal Power and $5 million for crypto lender Maple Finance.

8/31/2023

Will the power of data in the AI era leave startups at a disadvantage?

AI has garnered immense investment from venture capitalists, with over $40 billion poured into AI startups in the first half of 2023, raising concerns about who will benefit financially from its potential impact.

9/6/2023

Global Startup Funding Remains Subdued But IPO Market Sparks Hope Of Rebound

Global venture funding in August 2023 reached $22 billion, a 19% increase from the previous month but a 16% decrease from July 2022, with late-stage funding experiencing a year-over-year increase for the first time in 18 months, according to Crunchbase data. However, early-stage funding nearly halved and seed funding was down by around one-third compared to the previous year, while deal counts in August 2023 were almost half of the previous year. The largest fundings were in transportation, sustainability, and biotechnology, and the hope for the startup funding landscape lies in upcoming IPOs of well-funded venture-backed companies.

9/6/2023

VC Roundup: Enterprise blockchain, Bitcoin staking and Web3 pique investors’ interest

Despite a decrease in venture capital investments in June, new crypto projects are still attracting funding, including Orbital's $6.4 million raise for expanding blockchain payment infrastructure, unshETH's $3.3 million seed round for decentralized finance solutions, ZTX's $13 million funding for Web3 infrastructure development, Stroom Network's $3.5 million raise for Bitcoin staking, and Fxhash's $5 million funding for its digital art platform.

9/15/2023

Germany's Blockchain Sector Sees Modest Funding Growth Despite Global Crypto Slump

Germany's blockchain sector received $355 million in venture capital funding, marking a 3% yearly increase and achieving an all-time high share of global funding in 2023, despite a decline in the global blockchain market, according to a report by Crypto Valley Venture Capital (CVVC).

9/18/2023

Blockchain Capital Raises $580M for Crypto Funds Despite Market Slump

Blockchain Capital has raised $580 million for two new funds, with $380 million allocated for early-stage companies and protocols, and $200 million for late-stage investments, indicating continued investor interest despite the subdued state of the digital asset market.

9/19/2023

Ex-Sino Global, Libra, Coinbase Execs Launch $60M Oak Grove Ventures for Web3, AI, Biotech

Oak Grove Ventures, a new $60 million fund, has been launched by alumni from notable crypto and fintech organizations, with a focus on Web3, artificial intelligence, and biotech.

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Posted 9/6/2023, 7:58:42 AM

New $20M fund eyes blockchain gaming and tokens

Web3 venture capitalists launched a new $20M fund to invest in blockchain gaming and NFT projects.
The fund will target gaming, collectibles, DeFi, layer-1/2 protocols, supply chains, data protection, and infrastructure.
They've identified potential investments and will support undervalued "buy-and-hold" projects like Polygon and Axie Infinity.
Prolonged bear market presents opportunity to invest in early-stage innovative blockchain solutions.
Web3 projects continue attracting investments, with recent funds from Animoca Brands, Vessel Capital, Bitget, and others.

cointelegraph.com

Relevant topic timeline:

8/24/2023

Vessel Capital secures $55M to invest in Web3 infrastructure: Report

8/27/2023

Crypto funding: $24M week for bitcoin miner, crypto lending platform

8/31/2023

Will the power of data in the AI era leave startups at a disadvantage?

9/6/2023

Global Startup Funding Remains Subdued But IPO Market Sparks Hope Of Rebound

9/6/2023

VC Roundup: Enterprise blockchain, Bitcoin staking and Web3 pique investors’ interest

9/15/2023

Germany's Blockchain Sector Sees Modest Funding Growth Despite Global Crypto Slump

9/18/2023

Blockchain Capital Raises $580M for Crypto Funds Despite Market Slump

9/19/2023

Ex-Sino Global, Libra, Coinbase Execs Launch $60M Oak Grove Ventures for Web3, AI, Biotech

Oak Grove Ventures, a new $60 million fund, has been launched by alumni from notable crypto and fintech organizations, with a focus on Web3, artificial intelligence, and biotech.