European venture capital firm XAnge has announced the suspension of its fundraising activities for its first crypto venture capital fund. Despite signs of recovery in the Web3 market, XAnge has chosen to terminate fundraising for its crypto-specific fund named Digital Ownership Fund. In 2022, XAnge announced plans to raise 80 million euros and invited Luc Jodet, co-founder of Paris-based Web3 luxury platform Arianee, to join its team. However, due to difficulties in securing enough supporters to complete the initial fundraising, XAnge's CEO Cyril Bertrand stated that they would no longer continue fundraising for this crypto-specific fund.