LongHash Introduces $100 Million Fund Concentrated On DeFi, NFT, GameFi, Metaverse - FinanceFeeds

LongHash Introduces $100 Million Fund Concentrated On DeFi, NFT, GameFi, Metaverse – FinanceFeeds

LongHash Ventures has actually backed greater than 60 jobs, consisting of Polkadot, Astar, Dodo, Coinshift, Acala, Zapper, Gnosis Safe, and also Balancer.

Singapore ranked number 3 financial center globally

Singapore MAS-authorized LongHash Ventures has actually introduced a brand-new fund worth $100 million after the Asian Web3 VC got solid assistance from worldwide capitalists and also sector experts for its effective initial close.

The LongHash Ventures Fund II is backed by a number of Web3 VCs, solitary family members workplaces, as well as Web3 owners such as Hashkey Capital, NGC Ventures, Protocol Labs, Gnosis Safe, MEXC, Synthetix owners Kain as well as Jordan Warwick, Qiming VC starting companion Duane Kuang, as well as Astar owner Sota Watanabe, among others.

Once the fund quits absorbing resources, which will certainly take place by year end, it will certainly concentrate on multi-chain Web3 framework jobs that sustain vital verticals such as DeFi, NFT, GameFi, as well as the Metaverse. The LongHash Ventures Fund II will certainly be purchasing tasks as well as groups from pre-seed to Series A.

The fund will certainly likewise purchase tasks finishing from its accelerator arm LongHashX, which has actually just recently gotten financing at an unrevealed appraisal from Superscrypt, a Web3 investment company started by Temasek, along with a couple of big fund LPs consisting of NGC, according to the company. LongHashX is “the best companion for procedures like Polkadot, Filecoin, Algorand, to name a few”. Graduates jobs consist of Astar, Xanpool, and also Lit Protocol.

Emma Cui, Founding Partner as well as CEO of LongHash Ventures, claimed: “By running both an accelerator as well as an onset fund that gives hands-on assistance, our special worth depends on leveraging LongHashX too