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COINTURK NEWS > Blockchain News > Alpha Protocol Ventures Establishes $20 Million Investment Fund for Web3 Projects
Blockchain News

Alpha Protocol Ventures Establishes $20 Million Investment Fund for Web3 Projects

In Brief

  • Alpha Protocol Ventures (APV), a crypto startup company, has created a $20 million fund to invest in low-value Web3 projects, blockchain games, and digital collections. Web3 projects and blockchain technologies continue to attract significant investments from VC firms and fund managers. Other startup companies like Vessel Capital and Bitget have also allocated substantial funds to […]
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COINTURK NEWS 2 years ago
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Alpha Protocol Ventures (APV), a crypto startup company, has created a $20 million fund to invest in low-value Web3 projects, blockchain games, and digital collections. Web3 projects and blockchain technologies continue to attract significant investments from VC firms and fund managers. Other startup companies like Vessel Capital and Bitget have also allocated substantial funds to Web3.

Contents
Bear Market Presents an Opportunity for Web3Continued Interest in Web3 Projects

Bear Market Presents an Opportunity for Web3

Vagelis Diamantis, the CEO and founder of Alpha Protocol Ventures (APV), announced that they will be investing in various projects within the Web3 ecosystem. He stated that gaming and collectible products will be the primary focus, and decentralized finance protocols, Layer-1, and Layer-2 protocols will also be included in the fund’s capital allocation.

“We will also explore projects that aim to solve real-world problems such as supply chain data protection and infrastructure.”

Diamantis, previously the finance director of Ethernity, added that APV has identified a series of potential investment targets and will also support low-value projects initiated as buy-and-hold funds such as Polygon, Polkastarter, Axie Infinity, and Ethernity.

Diamantis also emphasized that a prolonged bear market still presents an opportunity for investors to support emerging projects that develop innovative solutions based on blockchain technology:

“The crypto ecosystem has gone through several cycles since its inception. It is an entirely new asset class that we believe will only grow exponentially.”

Continued Interest in Web3 Projects

Diamantis stated that he sees blockchain companies and Web3 applications as an opportunity for APV and will target undervalued companies and undiscovered blockchain technologies. Web3 projects and platforms have continued to attract significant investments from VC firms and fund managers. Animoca Brands announced in July 2023 that it will invest $30 million in the Web3 protocol Hi, and its founder, Yat Siu, mentioned innovative products such as customizable NFT-style crypto bank cards as potential collectible cards for Web3 enthusiasts.

Meanwhile, another startup company, Vessel Capital, has announced a $55 million fund to support Web3 infrastructure and applications. This figure was overshadowed by the $100 million fund announced by the crypto exchange Bitget, which targets Asia-based Web3 and blockchain projects.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 6 September, 2023 - 5:45 pm 6 September, 2023 - 5:45 pm
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