Early Solana Investor NGC Ventures Raises $100M for Web 3-Focused Fund
The Metaverse Ventures Fund will back early-stage projects in DeFi, NFTs and GameFi
Updated May 11, 2023 at 4:19 p.m. UTC
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.