Blockchain VC Shima Capital Debuts With $200M Web3 Fund
The venture capital firm, which was founded in 2021, prioritizes decentralized social media, DAOs, DeFi, to metaverse, zero-knowledge proofs and layer-1 solution.
New
Shima Capital, a new venture capital firm focused on early-stage blockchain projects, has launched its first fund to support emerging digital asset companies – and has received tremendous support to do so.< /p>
The Shima Capital Fund I has raised a total of $200 million from several top crypto investors, including Dragonfly Capital, Animoca Brands, and OKX, the company announced on Wednesday. The fund is expected to deploy between $500,000 and $2 million in pre-seed funding for crypto and blockchain-focused companies at the intersection of consumer products, decentralized infrastructure and futuristic consumer technology. blockchain.
In particular, Shima identified decentralized identity, decentralized social media, decentralized autonomous organizations (DAOs), blockchain gaming, metaverse, and decentralized finance (DeFi) as target areas. On the blockchain infrastructure side, the fund also plans to invest in Layer 1 and Layer 2 technology, as well as projects focused on security and the development of zero-knowledge proofs.
Capital injected into start-ups will be used to hire and retain talent, build communities, market and conduct technical research and development, Shima said.
Web3 aims to revolutionize participation in a wide variety of fields, from technology to the arts. However, it needs those participants to see what its potential holds, argues @nitingaur, founder and director of @IBM Digital Asset...
The venture capital firm, which was founded in 2021, prioritizes decentralized social media, DAOs, DeFi, to metaverse, zero-knowledge proofs and layer-1 solution.
New
Shima Capital, a new venture capital firm focused on early-stage blockchain projects, has launched its first fund to support emerging digital asset companies – and has received tremendous support to do so.< /p>
The Shima Capital Fund I has raised a total of $200 million from several top crypto investors, including Dragonfly Capital, Animoca Brands, and OKX, the company announced on Wednesday. The fund is expected to deploy between $500,000 and $2 million in pre-seed funding for crypto and blockchain-focused companies at the intersection of consumer products, decentralized infrastructure and futuristic consumer technology. blockchain.
In particular, Shima identified decentralized identity, decentralized social media, decentralized autonomous organizations (DAOs), blockchain gaming, metaverse, and decentralized finance (DeFi) as target areas. On the blockchain infrastructure side, the fund also plans to invest in Layer 1 and Layer 2 technology, as well as projects focused on security and the development of zero-knowledge proofs.
Capital injected into start-ups will be used to hire and retain talent, build communities, market and conduct technical research and development, Shima said.
Web3 aims to revolutionize participation in a wide variety of fields, from technology to the arts. However, it needs those participants to see what its potential holds, argues @nitingaur, founder and director of @IBM Digital Asset...
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