Venom Foundation launches $1bn web3 fund from Abu Dhabi
The Venom Foundation, an Abu Dhabi-based blockchain platform, and investment manager Iceberg Capital have unveiled a $1 billion venture fund to invest in web3 and blockchain projects.
The Venom Ventures Fund (VVF) plans to invest in pre-seed to Series A funding rounds with projects focused on decentralised finance (DeFi), payments, asset management, and blockchain gaming.
Venom Foundation is a layer-1 blockchain solution with a focus on “serving the needs of the Middle...