If approved, more than 100 early-stage Web3 projects are expected to be invested by the ecosystem fund.
If approved, the Mantle EcoFund and venture partners will participate in projects with 1:1 co-investment ratio. Web3 startups raising pre-seed, seed, and series A round will be targeted by the ecosystem fund.
The fund is proposed to have a three-year active investment period, plus two years of optional extension, a Mantle's spokesperson told Cointelegraph by email. The initial fund operator is proposed to be Mirana Ventures, Bybit and BitDAO’s venture partner, with an investment committee comprising representatives from Mirana Ventures, Mantle, BitDAO, and Bybit.
"The fund targets to invest in more than 100 projects deployed on Mantle and have a multiple on invested capital of 1.5x of cumulative performance through the fund’s lifecycle," noted Mantle's spokesperson.Management fees would match"industry standard", with 2% of management fee to support operational expenses of the EcoFund team, including sourcing, due diligence, legal, portfolio support, and fund administration.
Across the crypto industry, similar initiatives aim to drive adoption and innovation. Last year, Ethereum scaling solution Polygon
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Peloton’s Robin Arzón Is Building a Web3 Community Around Working OutThe exercise giant's vice president of fitness programming is soon launching Swagger Society, a Web3 lifestyle membership club that aims to foster a fitness community in Web3.
Consulte Mais informação »
Loyalty Programs Are Seeing a Resurgence Thanks to Web3 | HackerNoonLoyalty programs follow the development of technology and blockchain offers huge opportunities for creatives in this field. - web3 loyaltyprograms
Consulte Mais informação »
Tulsi Gabbard says Biden, Democrats share same ‘core principles’ as Hitler“These are the very same geneticist core principles embodied by Nazism and Adolf Hitler. … We have seen where this philosophy can lead.”
Consulte Mais informação »
Everything You Need to Build a Strong CoreAdopt this personal trainer–recommended core workout to run stronger and stay injury-free.
Consulte Mais informação »
Tulsi Gabbard says Biden and Democrats share same ‘core principles’ as HitlerEx-Democratic Congresswoman Tulsi Gabbard claimed on Friday that President Joe Biden and the Democratic Party share the same 'core principles' of Adolf Hitler and Nazism.
Consulte Mais informação »
The Bad Things Ghosting Does to Your EmotionsHere's what you need to know to protect yourself from the emotional harm of ghosting, by swhitbo
Consulte Mais informação »