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Abu Dhabi-based Venom Foundation launches $1B fund for Web3 and blockchain

Published 01/11/2023, 09:44 AM
Updated 01/11/2023, 11:20 AM

Abu Dhabi-based blockchain platform Venom Foundation and investment manager Iceberg Capital announced they will allocate $1 billion of funding to Web3 and blockchain firms through a new partnership.

The Venom Ventures Fund is set to invest in protocols and Web3 decentralized applications (DApps) focused on payments, asset management, decentralized finance (DeFi) and GameFi products and services.

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