{"id":557241,"date":"2023-02-27T21:30:00","date_gmt":"2023-02-27T18:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/blockchain-founders-fund-raises-75m-to-encourage-web3-mass-adoption\/"},"modified":"2023-02-27T21:30:00","modified_gmt":"2023-02-27T18:30:00","slug":"blockchain-founders-fund-raises-75m-to-encourage-web3-mass-adoption","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/blockchain-founders-fund-raises-75m-to-encourage-web3-mass-adoption\/","title":{"rendered":"# Blockchain Founders Fund raises $75M to encourage Web3 mass adoption"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3493305fc65\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3493305fc65\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/blockchain-founders-fund-raises-75m-to-encourage-web3-mass-adoption\/#%E2%80%9D_Blockchain_Founders_Fund_raises_75M_to_encourage_Web3_mass_adoption_%E2%80%9C\" >&#8221; Blockchain Founders Fund raises $75M to encourage Web3 mass adoption &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Blockchain_Founders_Fund_raises_75M_to_encourage_Web3_mass_adoption_%E2%80%9C\"><\/span>&#8221; Blockchain Founders Fund raises $75M to encourage Web3 mass adoption &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDIvN2QwZDMyOTUtZTczYy00MzA2LTg2YzktZTAwOTQ3YjFkYzMwLmpwZWc=.jpeg\" \/><\/p>\n<div class=\"post-content\" data-v-48054ca8>Blockchain Founders Fund, a venture capital fund supporting the adoption of Web3 and blockchain <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>, has announced the close of a $75 million fundraising round from companies such as Polygon, Ripple, Octava, NEO Global Capital, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>works, GSR, LD Capital, Metavest Capital and others, such as\u00a0Sebastien Borget, chief operating officer of The Sandbox.<\/p>\n<p>According to the announcement, the fund will <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/blockchain-founders-fund-announces-final-close-of-its-75m-fund-301755519.html\">focus<\/a> on supporting high-potential early-stage pre-seed and seed projects that encourage the mass adoption of Web3 and blockchain technology. The fund has already invested in over 100 startups, including Altered State Machine, Splinterlands,\u00a0GRID, Krayon and Magna.\u00a0<\/p>\n<p>In an interview with Cointelegraph, Michiko Yuda, marketing coordinator at Blockchain Founders Fund, shared that the venture capital fund will potentially be spread across more than 200 companies within the next 12 months.\u00a0<\/p>\n<p>Speaking on the requirements and ways Web3 startups can seek funding from the Blockchain Founders Fund, Yuda shared that it will focus on early-stage Web3 companies with strong teams and a demonstrated ability to execute their vision. In addition, the projects must offer products or services that solve real market needs and offer clear pathways for revenue generation or monetization over time. The projects must also have a clear, viable business plan that demonstrates a solid understanding of the target market and competitive landscape.<\/p>\n<p>Discussing some of the major challenges in the crypto venture capitalist landscape and how the Blockchain Founders Fund is helping to address them, Yuda shared: \u201cThere is a high level of competition for deals in the space, regulatory uncertainty, as well as a limited track record of successful projects. In order to address these challenges, we focus on making investments in high-quality startups that have strong fundamentals and demonstrate solid indications of traction.&#8221;<\/p>\n<p>Yuda also told Cointelegraph that the\u00a0Blockchain Founders Fund takes a team-centric approach when evaluating investments to ensure that only well-rounded teams are chosen for funding. He added:\u00a0<\/p>\n<blockquote><p>&#8220;We take necessary precautions to navigate regulatory uncertainty by staying abreast with emerging trends in blockchain governance as they continue to evolve over time. Finally, we leverage our industry connections, including leading institutions and investors in the space to help our portfolio companies succeed.\u201d\u00a0<\/p><\/blockquote>\n<p><strong><em>Related:\u00a0Angel investors vs. venture capitalists<\/em><\/strong><\/p>\n<p>On Feb. 24, Cointelegraph covered a report describing a pullback in venture capital spending by investors\u00a0in Q4 2022. But despite the pullback, investors are still looking to bankroll blockchain-based technologies, applications and startups.<\/p>\n<p>The report also suggests that venture capital investments are shifting toward \u201cnon-volatile innovations,\u201d including cross-chain bridges, payments and remittances, lending, decentralized autonomous organizations, asset management and digital identity management.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/blockchain-founders-fund-raises-75m-to-encourage-web3-mass-adoption\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Blockchain Founders Fund raises $75M to encourage Web3 mass adoption &#8220; Blockchain Founders Fund, a venture capital fund supporting the adoption of Web3 and blockchain technology, has announced the close of a $75 million fundraising round from companies such as Polygon, Ripple, Octava, NEO Global Capital, Appworks, GSR, LD Capital, Metavest Capital and others,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":557242,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/7d0d3295-e73c-4306-86c9-e00947b1dc30.jpeg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,74863,117,73711,73785,4965,71745],"class_list":["post-557241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-cryptocurrencies","tag-business","tag-investments","tag-markets","tag-technology","tag-venture-capital"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/557241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=557241"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/557241\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/557242"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=557241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=557241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=557241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}