Fund

NEAR Foundation launches $100 million VC fund and lab for web3

NEAR Foundation launches $100 million VC fund and lab for web3

Swiss non-profit the NEAR Foundation launched a $100 million venture capital fund and venture lab for web3, it announced on Monday. The NEAR Foundation, which supports the governance and development of the NEAR protocol, will partner with Caerus Ventures, a newly launched investment firm, for the project. The VC fund will have an …

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Fantom community decides to use burn fee to fund ecosystem projects

Fantom community decides to use burn fee to fund ecosystem projects

The Fantom community has voted in support of a governance proposal to create an Ecosystem Support Vault to fund projects from a percentage of transaction fees currently being burned. The vote, which began on July 5, passed with almost unanimous approval from participants. Details from the voting page showed that 99.75% of all votes …

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Fund Manager Fintonia Group Receives Provisional Virtual Assets License in Dubai

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Crypto fund manager Fintonia Group secures provisional Dubai license

Crypto fund manager Fintonia Group secures provisional Dubai license

Singapore-based Fintonia Group said it has obtained a license to operate in Dubai amid a global move by crypto firms into the UAE.  According to an announcement from Fintonia, the fintech investor and fund manager specializing in the digital asset space was granted the license by the Dubai Virtual Asset Regulatory Authority (VARA). This …

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Game developer Akatsuki announces $20 million web3 fund

Game developer Akatsuki announces $20 million web3 fund

advertisement Japanese entertainment and gaming firm Akatsuki said on Wednesday that it has raised a $20 million fund focused on investing in web3 projects. The fund, dubbed Emoote, will look to back startups working on projects in GameFi, non-fungible tokens (NFTs) and the metaverse, Akatsuki said in a press release.  The name Emoote was chosen …

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Kongregate and Immutable launch $40 million fund for blockchain games

Kongregate and Immutable launch $40 million fund for blockchain games

advertisement Game developer Kongregate and Ethereum scaling startup Immutable announced a $40 million fund to develop blockchain-based games.  Launched in 2006, Kongregate’s website Kongregate.com became a home for free-to-play independent web games. With this new fund, comprised of the IMX token pool, Kongregate.com will begin incorporating blockchain-based games later in 2022 and ultimately rebranding to …

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