Animoca Ventures Successfully Establishes an Investment Fund in the ApeCoin DAO Community
Publication Time:2024-08-01 16:13:06
Golden Finance Report: With the support of the ApeCoin DAO community, Animoca Ventures successfully initiated and passed a vote to establish a $10 million investment fund in collaboration with ApeCoin DAO. This initiative aims to provide funding support for early-stage Web3 projects in their seed and Series A financing phases. The fund will specifically focus on projects that integrate ApeCoin tokens into their ecosystems, promoting the expansion and prosperity of the ApeCoin ecosystem. Specifically, ApeCoin DAO will contribute $5 million worth of APE tokens, while Animoca Ventures will match this contribution with $5 million worth of fiat currency, achieving a 1:1 capital ratio.
ApeCoin DAO
Animoca Ventures
ApeCoin
Investment Fund
Web3 projects