Caerus Ventures and Near Foundation Launch Fund for Web 3 Technology
Caerus Ventures and Near Foundation are teaming up to launch a new $100 million fund that will invest in projects and companies working on Web 3 technology.
The new venture capital fund and venture lab launched by Near Foundation and Caerus Ventures will provide much-needed support to engineers, builders, and developers working in the emerging Web 3 sector. With a $100 million fund, the venture will be able to invest in a wide range of projects and help accelerate the development of this new area of the internet. This is a welcomed move by the business community and will help ensure that the Web 3 sector realizes its full potential.
The Near Foundation's expansion into Africa is a welcome development that could bring much-needed blockchain innovation and education to the continent. With its partnership with the Kenyan blockchain community Sankore, the Foundation is well-positioned to make a positive impact on Africa's future. We hope that the new blockchain unit will be a success and help Africa unlock the potential of this transformative technology.
The Multi-Million Fund
The Near Foundation and Caerus Ventures are joining forces to launch a $100 million venture capital fund that will accelerate the adoption of Web3 technologies. The fund will have an initial closing of $50 million and will be led by the Swiss entity. This is a great move that will help support the efforts of Web3 participants and help the technologies reach a wider audience.
“The creators, talent, and franchises with reach and influence spearheaded that growth and will now drive the adoption of blockchain at scale. But this time, they and their fans will have greater access to the value created,” said Marieke Flament, CEO of the Near Foundation.
Nathan Pillai, founder of Caerus Ventures, believes that web 3 technologies have yet to reveal their true value and potential. He is impressed by the Near Foundation's approach to backing up developers and empowering creators and consumers with more control over their assets. Pillai believes that this approach will help to change current trends and make web 3 technologies more widely adopted and used.
“So we’re creating this partnership to help revolutionize the existing multi-layered entertainment ecosystems, growing the market size while promoting greater equity,” he added.
With the rise of Bitcoin and other cryptocurrencies, the interest in blockchain technology has grown exponentially. Web 3.0 is the new iteration of the internet that is based on blockchain technology. This new internet has the potential to change the way we interact with the internet and could potentially revolutionize the way we do business. Numerous companies are turning their attention toward Web 3.0 in hopes of being the pioneers in this new, exciting field.
Binance Labs, the venture capital and innovation incubator of Binance, has raised $500 million for its first start-up fund. The fund will be used to invest in organizations that are part of the Web 3 ecosystem. This ecosystem is dedicated to developing decentralized applications and protocols that have the potential to transform the internet. By investing in these companies, Binance Labs hopes to accelerate the development of this transformative technology.
It's great to see more and more investment flowing into the Web 3 gaming space. With a $130 million fund dedicated to this area, we can expect to see some amazing new games being developed. This will help to further legitimize the blockchain gaming industry and attract even more players and investors.
Near Foundation's Operations in Africa: Improving Lives Through Technology
I believe that this partnership will be beneficial for both parties involved. The Swiss entity will be able to provide valuable knowledge and resources to the Kenyan blockchain community, which will in turn help further develop the cryptocurrency industry in the region. I believe that this hub will be a valuable asset for the advancement of cryptocurrency and blockchain technology in Africa.
The lack of access to basic financial services in many developing countries in Africa is one of the main reasons why crypto adoption is so high in the region. With crypto, people in Africa can access the global financial system and make transactions without having to go through traditional financial institutions. This allows them to avoid high fees and enables them to send and receive money quickly and easily.
The launch of the Africa Blockchain Talent Hub is a welcome development for the continent. With the right support and resources, the hub has the potential to discover and develop the talents of Africa's youth in the field of blockchain technology. In doing so, it can help nurture talented individuals to become world-class blockchain developers. This in turn can boost the adoption and development of blockchain technology across Africa, driving economic growth and social development.
“Our dream is to lead the way in blockchain innovations in providing solutions to Africa’s biggest problems. The Near Protocol allows tomorrow’s biggest developers to build custom solutions with scalability, security, and transparency, and this hub is the next step in turning our shared vision into reality.”
The Near Foundation has announced a new $100 million fund dedicated to Web 3 developers. This is a huge vote of confidence in the future of the web and a great opportunity for developers to get involved in this growing ecosystem. With this kind of support, the Web 3 community is sure to thrive and continue to innovate.
