Michiko Yuda, the marketing coordinator at Blockchain Founders Fund told Cointelegraph that it will focus on early-stage Web3 companies that have a strong team with a demonstrated ability to execute their vision.
Blockchain Founders Fund, a venture capital fund supporting the adoption of Web3 and blockchain technology, has announced the close of a $75 million fundraising round from companies such as Polygon, Ripple, Octava, NEO Global Capital, Appworks, GSR, LD Capital, Metavest Capital and others, such ason supporting high-potential early-stage pre-seed and seed projects that encourage the mass adoption of Web3 and blockchain technology.
Speaking on the requirements and ways Web3 startups can seek funding from the Blockchain Founders Fund, Yuda shared that it will focus on early-stage Web3 companies with strong teams and a demonstrated ability to execute their vision. In addition, the projects must offer products or services that solve real market needs and offer clear pathways for revenue generation or monetization over time.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BitDAO's Mantle Core proposes $200M for Web3 fundA proposal to create a $200 million fund dedicated to Web3 startups was submitted on Feb. 26 by Mantle Core
Read more »
Loyalty Programs Are Seeing a Resurgence Thanks to Web3 | HackerNoonLoyalty programs follow the development of technology and blockchain offers huge opportunities for creatives in this field. - web3 loyaltyprograms
Read more »
Cointelegraph partners with Phaver mobile Web3 social appAs Web3 social media gains momentum, Cointelegraph is proud to partner with phaverapp to provide daily crypto content to LensProtocol's 200,000+ users. Discover more about this exciting new partnership here:
Read more »
Solana Blockchain Experiences Technical Glitch Causing Transaction Slowdowns – Altcoins Bitcoin NewsOn Saturday at about 6:37 UTC, the Solana blockchain experienced reduced functionality, and users reported transaction slowdowns.
Read more »
Crypto Miner Hive Blockchain Posted Net Loss of $90.4M for Q3 2022Ethereum's transition to PoS significantly hurt Hive, but it still managed to increase its mining production by 13% year-over-year.
Read more »