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On March 30, Gumi Cryptos Capital (GCC), introduced the blockchain-focused enterprise capital agency’s second fund that can make investments $110 million in early-stage blockchain startups. The second fund follows GCC’s preliminary $21 million fund that backed seed stage founders.
The blockchain-focused enterprise capital agency Gumi Cryptos Capital (GCC) has introduced the launch of a $100 million fund that will likely be centered on blockchain ideas like decentralized finance (defi), recreation finance (gamefi), Web3, and different forms of concepts being created by early-stage blockchain startups. In an announcement despatched to Bitcoin.com Information, GCC’s managing associate Rui Zhang mentioned: “Consider us as blockchain’s skilled, high-conviction, excessive belief, hands-on worth including, very long time desire, unicorn to megacorn, builder-focused all-in enterprise society.”
GCC’s announcement additional particulars that Fund II will goal software program engineers, decentralized autonomous organizations (DAOs), guilds, and extra “at any layer on the earliest stage and is chain-agnostic.” “Fund II will spend money on each fairness and tokens,” the announcement explains. “GCC expects to take a position between $500,000 to $5 million per challenge by way of each preliminary and follow-on investments.”
GCC’s Fund II follows a slew of enterprise capital funds introduced over the last yr. Cypher Capital, a United Arab Emirates (UAE)-based enterprise capital (VC) agency simply introduced a $100 million fund centered on metaverse, defi, and gamefi ideas. The crypto change Luno introduced that the agency’s funding arm, Luno Expeditions, launched a fund devoted to fintech startups. Enterprise capital agency Griffin Gaming Companions (GGP) introduced a $750 million fund to assist gaming ideas that contain blockchain and Web3 concepts.
In line with GCC, the businesses within the agency’s portfolio have raised greater than $1 billion since January 2020. The corporate’s managing companions embrace Hironao Kunimitsu, Miko Matsumura, and Rui Zhang. “We reside within the Experimental Age,” Matsumura explains in an announcement despatched to Bitcoin.com Information. “The present establishments and infrastructure together with social infrastructure, governance, monetary providers and large tech are demonstrably failing us. As a result of the way in which ahead is unknown, there’s a powerful urge for food for experimentation.” Matsumura added:
Tokens characterize financial experimentation powering Web3, DAOs and guilds are governance experiments. Avatars characterize “persona experiments” whether or not backed by people, bots or teams. NFTs are experimental digital property. The metaverse is a group of experimental realities.
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