Early Solana Investor NGC Ventures Raises $100M for Web 3-Focused Fund

• Investors successful the Web 3 focused-fund see Babel Finance, Huobi Ventures and Nexo Ventures.

• The Metaverse Ventures Fund volition backmost early-stage projects successful Web 3 infrastructure including decentralized concern (DeFi), non-fungible tokens (NFTs) and GameFi (play-to-earn blockchain-based games that incorporated DeFi and NFTs).

• Through its erstwhile funds, NGC Ventures made aboriginal investments successful salient blockchain projects specified arsenic Solana, Oasis and Algorand.

• Several funds focusing connected the maturation of Web 3 infrastructure person emerged successful caller months arsenic it becomes an country of expanding involvement successful the crypto and blockchain industry. In March, Griffin Gaming Partners raised $750 cardinal for a Web 3-focused fund. And crypto lender Nexo spun retired a task limb with $150 million for Web 3 projects and acquisitions successful the aforesaid month.

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