Michiko Yuda, the marketing coordinator at Blockchain Founders Fund told Cointelegraph that it will focus on early-stage Web3 companies that have a strong team with a demonstrated ability to execute their vision.
Blockchain Founders Fund, a venture capital fund supporting the adoption of Web3 and blockchain technology, has announced the close of a $75 million fundraising round from companies such as Polygon, Ripple, Octava, NEO Global Capital, Appworks, GSR, LD Capital, Metavest Capital and others, such ason supporting high-potential early-stage pre-seed and seed projects that encourage the mass adoption of Web3 and blockchain technology.
Speaking on the requirements and ways Web3 startups can seek funding from the Blockchain Founders Fund, Yuda shared that it will focus on early-stage Web3 companies with strong teams and a demonstrated ability to execute their vision. In addition, the projects must offer products or services that solve real market needs and offer clear pathways for revenue generation or monetization over time.
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