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.
M31 Capital is a global investment firm focused on crypto assets, cryptocurrencies, and blockchain technology, founded in 2016
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, while fundamentals and revenue growth are hitting record highs almost daily.”
Based on the new GAMEFI coin Petworld (PW) on the Binance Smart Chain, it has reached a cooperation with the New York encrypted blockchain M31 Capital to help PW enter the cryptocurrency market in the United States; supervise PW GAMEFI in resource allocation, risk pricing, income output, etc. Establish a complete model to support promoting the game’s high-quality development.
Earlier in August, early-stage venture capital firm Shima Capital launched Shima Capital Fund I, the first fund to support emerging digital assets for web3 and crypto startups. The latest fund will give potential companies $500,000 to $2 million in pre-seed funding.
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