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

On March 30, Gumi Cryptos Capital (GCC), announced the blockchain-focused task superior firm’s 2nd money that volition put $110 cardinal successful early-stage blockchain startups. The 2nd money follows GCC’s archetypal $21 cardinal money that backed effect signifier founders.

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

The blockchain-focused task superior steadfast Gumi Cryptos Capital (GCC) has announced the motorboat of a $100 cardinal money that volition beryllium focused connected blockchain concepts similar decentralized concern (defi), crippled concern (gamefi), Web3, and different types of ideas being created by early-stage blockchain startups. In a connection sent to Bitcoin.com News, GCC’s managing spouse Rui Zhang said: “Think of america arsenic blockchain’s experienced, high-conviction, precocious trust, hands-on worth adding, agelong clip preference, unicorn to megacorn, builder-focused all-in task society.”

GCC’s announcement further details that Fund II volition people bundle engineers, decentralized autonomous organizations (DAOs), guilds, and much “at immoderate furniture astatine the earliest signifier and is chain-agnostic.” “Fund II volition put successful some equity and tokens,” the announcement explains. “GCC expects to put betwixt $500,000 to $5 cardinal per task done some archetypal 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 task superior funds announced during the past year. Cypher Capital, a United Arab Emirates (UAE)-based task superior (VC) steadfast conscionable announced a $100 cardinal money focused connected metaverse, defi, and gamefi concepts. The crypto speech Luno announced that the firm’s concern arm, Luno Expeditions, launched a money dedicated to fintech startups. Venture superior steadfast Griffin Gaming Partners (GGP) announced a $750 cardinal money to enactment gaming concepts that impact blockchain and Web3 ideas.

According to GCC, the companies successful the firm’s portfolio person raised much than $1 cardinal since January 2020. The company’s managing partners see Hironao Kunimitsu, Miko Matsumura, and Rui Zhang. “We unrecorded successful the Experimental Age,” Matsumura explains successful a connection sent to Bitcoin.com News. “The existing institutions and infrastructure including societal infrastructure, governance, fiscal services and large tech are demonstrably failing us. Because the mode guardant is unknown, there’s a beardown appetite for experimentation.” Matsumura added:

Tokens correspond monetary experimentation powering Web3, DAOs and guilds are governance experiments. Avatars correspond “personality experiments” whether backed by individuals, bots oregon groups. NFTs are experimental integer assets. The metaverse is simply a postulation of experimental realities.

What bash you deliberation astir Gumi Cryptos Capital Fund II announcement? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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