Newly formed venture capital fund Alpha Protocol Ventures will invest $20 million into Web3 firms and projects focused on blockchain gaming and digital collectibles.
A group of cryptocurrency venture investors has established a $20 million fund to invest in undervalued Web3 projects and companies focused on blockchain gaming and digital collectibles.
“We will also explore projects that will try to solve real-world problems such as supply chains, data protection and infrastructure.” Diamantis, formerly the chief financial officer of Ethernity, added that APV had identified a number of potential investment targets, while it would also add support to “undervalued projects” that were launched as “buy-and-hold funds” including the likes of Polygon, Polkastarter, Axie Infinity and Ethernity.
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