“At the core, MetaWeb is unique in that we’re all builders who also invest – we have direct access to early projects as we can provide a very special kind of support to our founders,” Dani Osorio, a MetaWeb partner, said.
The fund aims to invest primarily in decentralized social media, decentralized finance (DeFi), gaming and decentralized autonomous organizations (DAO)
MetaWeb Ventures was formed as an ecosystem fund for the Near Protocol, a layer 1 blockchain network on which decentralized applications (dapps) are built. Near aims to rival Ethereum with greater speed and lower transaction costs.
The firm has extended its remit beyond Near, investing in applications on other networks, including Ethereum, Aurora and Cosmos.
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