Skip to main content

Gumi Cryptos Reveals $110 Million Fund Targeting Early-Stage Blockchain Startups

https://motleybloggers.com/wp-content/uploads/2022/03/gumi-cryptos-reveals-110-million-fund-targeting-early-stage-blockchain-startups.jpg

Gumi Cryptos Reveals $110 Million Fund Targeting Early-Stage Blockchain Startups

On March 30, Gumi Cryptos Capital (GCC), announced the blockchain-focused venture capital firm’s second fund that will invest $110 million in early-stage blockchain startups. The second fund follows GCC’s initial $21 million fund that backed seed stage founders.


Gumi Cryptos Capital Reveals Fund II — Firm Will Invest $110 Million Into early-Stage Blockchain Startups





The blockchain-focused venture capital firm Gumi Cryptos Capital (GCC) has announced the launch of a $100 million fund that will be focused on blockchain concepts like decentralized finance (defi), game finance (gamefi), Web3, and other types of ideas being created by early-stage blockchain startups. In a statement sent to MotleyBloggers.com News, GCC’s managing partner Rui Zhang said: “Think of us as blockchain’s experienced, high-conviction, high trust, hands-on value adding, long time preference, unicorn to megacorn, builder-focused all-in venture society.”




GCC’s announcement further details that Fund II will target software engineers, decentralized autonomous organizations (DAOs), guilds, and more “at any layer at the earliest stage and is chain-agnostic.” “Fund II will invest in both equity and tokens,” the announcement explains. “GCC expects to invest between $500,000 to $5 million per project through both initial and follow-on investments.”





Venture Capital Continues to Bolster Blockchain Funds, GCC Managing Partner Says ‘There’s a Strong Appetite for Experimentation’





GCC’s Fund II follows a slew of venture capital funds announced during the last year. Cypher Capital, a United Arab Emirates (UAE)-based venture capital (VC) firm just announced a $100 million fund focused on metaverse, defi, and gamefi concepts. The crypto exchange Luno announced that the firm’s investment arm, Luno Expeditions, launched a fund dedicated to fintech startups. Venture capital firm Griffin Gaming Partners (GGP) announced a $750 million fund to support gaming concepts that involve blockchain and Web3 ideas.




According to GCC, the companies in the firm’s portfolio have raised more than $1 billion since January 2020. The company’s managing partners include Hironao Kunimitsu, Miko Matsumura, and Rui Zhang. “We live in the Experimental Age,” Matsumura explains in a statement sent to MotleyBloggers.com News. “The existing institutions and infrastructure including social infrastructure, governance, financial services and big tech are demonstrably failing us. Because the way forward is unknown, there’s a strong appetite for experimentation.” Matsumura added:


Tokens represent monetary experimentation powering Web3, DAOs and guilds are governance experiments. Avatars represent “personality experiments” whether backed by individuals, bots or groups. NFTs are experimental digital assets. The metaverse is a collection of experimental realities.





What do you think about Gumi Cryptos Capital Fund II announcement? Let us know what you think about this subject in the comments section below.



Origina post from
https://motleybloggers.com/gumi-cryptos-reveals-110-million-fund-targeting-early-stage-blockchain-startups/

Comments

Post a Comment

Popular posts from this blog

Research Shows Centralized Exchanges Saw the Most Visits This Year From Americans, Koreans, Russians

http://motleybloggers.com/wp-content/uploads/2022/12/research-shows-centralized-exchanges-saw-the-most-visits-this-year-from-americans-koreans-russians.jpg Residents of the United States, South Korea and the Russian Federation have been the most frequent users of centralized exchanges this year, according to a new study. The finding comes after the spectacular crash of FTX, one of the largest such platforms, amid tightening regulations and fewer new users. U.S. Leads by Number of CEX Users, Turkey and Japan Are Also in the Top in Terms of Traffic The U.S., South Korea and Russia together account for 22% of all visits to centralized exchanges (CEX) for cryptocurrencies, according to the 2022-2023 “Global Crypto Industry Overview and Trends” annual report produced by Huobi Research. The estimate is based on data from the top 100 CEXs on active users, trading depth, trading volume, and reliability. With a share exceeding 9%, the United States is the pronounced leader in terms...
Post a Comment
Read more

Kevin O’Leary Tells US Lawmakers FTX Failed Because Binance Intentionally Killed It

http://motleybloggers.com/wp-content/uploads/2022/12/kevin-oleary-tells-us-lawmakers-ftx-failed-because-binance-intentionally-killed-it.jpg Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has told U.S. Congress that he believes the collapsed crypto exchange FTX failed because rival Binance intentionally put it out of business. He said former FTX CEO Sam Bankman-Fried (SBF) told him that Binance, which owned a 20% equity stake in FTX, refused to comply with regulators’ requests whenever FTX applied for a license in different jurisdictions. Kevin O’Leary Shares Why He Thinks FTX Failed With U.S. Senators Shark Tank star Kevin O’Leary shared why he thinks crypto exchange FTX collapsed in a congressional hearing, titled “Crypto Crash: Why the FTX Bubble Burst and the Harm to Consumers,” before the Senate Committee on Banking, Housing, and Urban Affairs on Wednesday. Senator Pat Toomey (R-PA) asked O’Leary, “Why do you believe FTX failed?...
Post a Comment
Read more

Cardano MACRO REVERSAL Draws Near | XRP Prediction (Watch CLOSELY!)

http://img.youtube.com/vi/TWi-b9uRBdo/0.jpg https://www.youtube.com/watch?v=TWi-b9uRBdo Rumors swirl surrounding thr Ripple SEC case and xrp predictions also come into play. Cardano has been in a massive downtrend on the ADA charts, and momentum as it applies to physics might be the best picture we have into what is in store for ADA price. JOIN Crypto Capital Venture EXCLUSIVE Content ⚡⚡https://cryptocapitalventure.substack.com⚡⚡ 🟩 Bitcoin 4 Year Cycle Prediction - This May Change Your Mind On BTC https://youtu.be/IsKI359lAbQ Get Great Deal On TradingView subscription (the charts I use) USE MY LINK! - https://www.tradingview.com/?aff_id=114269 Follow me on my new Instagram ➡️ https://instagram.com/theofficialccv ⚡ Catch Me On Twitter ⚡ http://twitter.com/cryptorecruitr ⬇How To Stake Your Cardano In Minutes With Crypto Capital Venture!⬇ Stake Your ADA With Ticker: CCV1 ➡ https://youtu.be/cikJiJgRZFQ Crypto Cap...
Post a Comment
Read more