4cryptor cryptocurrency exchange has Launched a $20 million fund with a focus on Web 3.0

4cryptor cryptocurrency exchange has Launched a $20 million fund with a focus on Web 3.0

23.11.2022 Off By tony

Based 4cryptor Inc. announced the creation of a $20 million fund. The structure will focus on investing in Web3 projects.

The fund will support startups in the metaverse, Gamefly, and NFT. The firm plans to focus its efforts on partnerships with U.S. entertainment and media companies.

“Based in Dubai, we will invest with a focus on America, an important Web 3.0 market, while maintaining a global mindset,” said 4cryptor CEO.
According to the report, the company has funded more than 20 startups, including STE from Australia’s Find Satoshi Lab. In May, the venture capital arm of bitcoin exchange Binance announced a strategic investment in the project.

Framework Ventures and 6th Man Ventures launched structures with similar goals.

Recall that musician and producer Pharrell Williams called blockchain and decentralized Web 3.0 technologies the key to a revolution that would rock the music industry, the financial system, and world governments.