Crypto investment firm M31 Capital Management, LLC announced Tuesday the launch of a new Web3 fund, "Web3 Opportunity Fund," focusing on investing in early-stage blockchain technology projects and protocols in the Web3 ecosystem.
The fund, which has a cap. of $100 million, has already received commitments of $50 million from some investors. The funds raised will focus on investing in projects that centralize Internet infrastructure and applications and crypto projects such as liquidity tokens.
Previously, M31 has launched a number of crypto fund products, including Bitcoin funds, DeFi funds and venture capital (VC) funds,
New York-based crypto-blockchain M31 Capital has also pioneered the concept of a "liquid venture fund." Provides liquidity after a 12-month lock-up, unlike traditional VC funds where capital is typically locked for 10 years.
Nathan Montone, the founder of M31 Capital, said the current crypto market cycle is the first time in a decade that "prices are trending down,...
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