The post Venom Foundation Announces Landmark $1 Billion Web3 Fund appeared first on Coinpedia Fintech News
Layer-1 blockchain Venom Foundation has joined forces with investment manager Iceberg Capital, with the pair announcing a $1 billion venture fund to support promising web3 companies solving real-world problems.
Named Venom Ventures Fund (VVF), the blockchain-agnostic fund will be largely focused on startups involved in payments, asset management, DeFi, banking services, and blockchain gaming. Developers and builders working on innovative web3 projects are encouraged to apply via the VVF website.
Funding a Web3 Future
Although the value of the fund is destined to generate the most headlines, both entities intend to assist their chosen projects in a number of ways, leveraging their network and expertise to offer support in areas such as marketing, exchange listing, technical, legal, and regulatory.
Both Venom Foundation and Iceberg Capital are regulated by the Abu Dhabi Global Marke
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