More funds for Web3! Investment firm M31 Capital launched a $100M fund to focus on decentralized internet projects. (Reporting via forgeforth_)
Crypto-focused investment firm M31 Capital has launched a new investment fund dedicated to Web3 companies, further underscoring the industry’s shift toward decentralized internet projects.
The M31 Capital Web3 Opportunity Fund will invest up to $100 million in token projects and private equity opportunities within Web3, the company announced Tuesday. Initially, the fund will invest in projects buildingand applications. Presumably, the new investment vehicle will be a “liquid venture fund,” a structure that gives investors liquidity after only a 12-month lock-up period.
M31 clarified that it has already secured $50 million in commitments from investors and will raise another $50 million before capping the fund at $100 million. Despite the ongoing crypto bear market, 2022 has seen a proliferation of investment funds dedicated to Web3 projects, a clear sign that investors see value amid the turbulence. As reported by Cointelegraph Research,
interest this year. In the second quarter alone, Web3 projects accounted for roughly 42% of all individual venture deals within the blockchain space.
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