Hack VC, the crypto venture capital firm behind the hacksummit programming event, announced it is launching a new $200 million crypto seed fund that aims to invest in early-stage Web3 teams.
The fund aims to implement a different approach when it comes to incubating these early-stage ventures focused on DAOs, NFTs, and defi. Alex Pack, one of the managers of the fund and founder of Dragonfly Capital, stated:While we came from venture backgrounds, our goal is not to just build another venture fund. For the first time ever, crypto breaks down the divide between investors and users.
Managing partner Ed Roman elaborated on the support the fund plans to offer to teams involved in the crypto fund. Roman presented the different ways in which the fund can help these teams to grow, including hiring, advertising, and creating early communities.Using hackjobs.org, hacksummit.org, and Hack Labs — three different tools that the company features — will allow them to give the required attention and grow these teams and their projects, according to Roman.
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