M31 Capital launches $100M Web3 investment fund with $50M in commitments so far

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

More funds for Web3! Investment firm M31 Capital launched a $100M fund to focus on decentralized internet projects. (Reporting via forgeforth_)

Crypto-focused investment firm M31 Capital has launched a new investment fund dedicated to Web3 companies, further underscoring the industry’s shift toward decentralized internet projects.

The M31 Capital Web3 Opportunity Fund will invest up to $100 million in token projects and private equity opportunities within Web3, the company announced Tuesday. Initially, the fund will invest in projects buildingand applications. Presumably, the new investment vehicle will be a “liquid venture fund,” a structure that gives investors liquidity after only a 12-month lock-up period.

M31 clarified that it has already secured $50 million in commitments from investors and will raise another $50 million before capping the fund at $100 million. Despite the ongoing crypto bear market, 2022 has seen a proliferation of investment funds dedicated to Web3 projects, a clear sign that investors see value amid the turbulence. As reported by Cointelegraph Research,

interest this year. In the second quarter alone, Web3 projects accounted for roughly 42% of all individual venture deals within the blockchain space.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Wow, that’s what exactly we are building 😂

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Securitize Launches Tokenized Fund on Avalance, Unblocking Broader Access to Alternative Investment | HackerNoonThe new Securitize tokenized fund (the “Fund”) marks the first time exposure to one of KKR’s alternative investment strategies. - avalanche blockchain
Source: hackernoon - 🏆 532. / 51 Read more »

Comcast Rise Investment Fund: Cook County small businesses can apply to receive $10K for expensesSmall business owners can now apply for the Comcast Rise Investment Fund. More welfare while full paying customers get bad service.
Source: fox32news - 🏆 547. / 51 Read more »