Blockchain Founders Fund Raises $75 MILLION Dollars To Encourage Mass Adoption Of Web3 & Blockchain!

Blockchain Founders Fund, a venture capital fund supporting the adoption of Web3 and blockchain technology, has announced the close of a $75 million fundraising round from companies such as Polygon, Ripple, NEO Global Capital, Appworks, GSR, LD Capital, Metavest Capital and oethers

According to the announcement, the fund will focus on supporting high-potential early-stage pre-seed and seed projects that encourage the mass adoption of Web3 and blockchain technology.

The fund has already invested in over 100 startups, including Altered State Machine, Splinterlands, Krayon and Magna. The venture capital fund will potentially be spread across more than 200 companies within the next 12 months.

The projects must offer products or services that solve real market needs and offer clear pathways for revenue generation or monetization over time. The projects must also have a clear, viable business plan that demonstrates a solid understanding of the target market and competitive landscape.

The Blockchain Founders Fund takes a team-centric approach when evaluating investments to ensure that only well-rounded teams are chosen for funding.

"We take necessary precautions to navigate regulatory uncertainty by staying abreast with emerging trends in blockchain governance as they continue to evolve over time. We leverage our industry connections, including leading institutions and investors in the space to help our portfolio companies succeed,” said Michiko Yuda, marketing coordinator at Blockchain Founders Fund

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