Crypto-focused venture capital fund NGC Ventures has raised $100 million for its latest blockchain fund.
- Investors in the Web 3-focused fund include Babel Finance, Huobi Ventures and Nexo Ventures.
- Several funds focusing on the growth of Web 3 infrastructure have emerged in recent months as it becomes an area of increasing interest in the crypto and blockchain industry. In March, Griffin Gaming Partners raised $750 million for a Web 3-focused fund. And crypto lender Nexo spun out a venture arm with $150 million for Web 3 projects and acquisitions in the same month.
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