Venture capital firm Paper Ventures has launched a new $25 million fund to support early-stage blockchain startups. The fund will focus on providing capital injection and technical and commercial direction to projects in the play-to-earn games, NFTs, and DeFi sectors. Paper Ventures aims to fill specific gaps in pre-seed stage funding, with a founder-focused approach. The fund’s founders have significant experience in traditional finance and DeFi, and the firm plans to deliver healthy returns to backers. Despite some skepticism about launching a Web3 fund in 2024, Paper Ventures believes it is the perfect time due to the decline in Web3 funding and the rising interest in metaverse-based startups. The global startup community is increasingly seeking support to succeed in the competitive tech industry.
Unleashing $25M for Innovation: Paper Ventures’ Blockchain VC Targets Startups
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