Neal Stephenson's Lamina1 Launches Layer 1 Ecosystem Fund

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Lamina1, the layer 1 blockchain company founded by Snow Crash author Neal Stephenson, has launched its Lamina1 Ecosystem Fund (L1EF) on venture capital platform AngelList.

The company co-founded by crypto veteran Peter Vessenes wants to help usher in the metaverse (a term coined by Stephenson in his 1992 novel Snow Crash) using blockchain technology. It also organizes the Open Metaverse conference in February.

The new fund has two goals: to provide accredited global investors with a way to directly access investments in early-stage Tier 1 projects that were not previously available to the general public, and to provide Web3 builders with a way to raise capital for their open metaverse. businesses before the mainnet.

Investors and builders can apply to participate immediately. The launch of the fund will be closely followed by the highly anticipated launch of the Lamina1 testnet.

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"Lamina1 is uniquely positioned given the incredible volume of requests we receive every day from those building the Open Metaverse," Vessenes said in a statement. "The team gets a front-row seat to everything happening in the ecosystem and essentially gets a 'first look' at what many of the most compelling creators and storytellers of our time are doing, building, crafting and producing in the world today. whole world. We want to share that front row seat with as many people as possible. »

Neal Stephenson's startup Lamina1 aims for the open metaverse.

Led by Lamina1 and Vessenes, L1EF is designed to provide broad economic access to accredited global investors looking to support the next era of the internet. With deep roots in digital currency, tokenization and blockchain technology, Vessenes has extensive experience in launching, leading and advising highly disruptive businesses in the Web3 space.

To date, Vessenes has been the first chairman of the Bitcoin Foundation, founder of the first venture capital-backed Bitcoin company, founder of his family office Capital6, co-founder of venture capital firm Capital6 Eagle, and co-founder by Lamina1.

L1EF will capitalize on Vessenes' unique expertise in fostering decentralized economies by offering investors a chance to join him at the forefront of the emerging economy of the open metaverse.

"Lamina1 is in a unique position given the incredible volume of requests we receive every day from those building the Open Metaverse," Vessenes said. "The team gets a front row seat to everything that's happening in the ecosystem and basically gets a 'first look...