NGC Ventures has raised 100M to invest in the Web 3.0 ecosystem

NGC Ventures has raised 100M to invest in the Web 3.0 ecosystem

NGC Ventures (“NGC”), a global crypto-centric venture capital fund, has announced the closure of its third blockchain fund, NGC Metavers Ventures, with শিল্প 100 million pledged capital from significant industrial investors including Babel Finance, Altonome, Hu. Nexo Enterprise and GBIC.

Roger Lim, general partner at NGC Ventures, said: “Despite the global systemic market downturn, we are seeing the emergence of high-potential projects that are set to shape the next era of Web 3.0. Our role is to identify such projects and to work extensively with these talented teams so that they have the necessary capacity to turn their ideas into reality. The Metavers Ventures Fund allows us to be at the center of everything – as we collaborate with bright minds to create a rich digital field with endless possibilities. “

The fund comes after the success of the previous fund of NGC Ventures, which has made strategic initial investments in many of today’s top-tier projects, including Solana, Oasis, NYM, Babel Finance, Republic, Banka and Algorand. Keeping pace with the growth of Metavers, this new fund will focus on supporting early-stage Web 3.0 projects extending from Metavers and its infrastructure to DeFi, GameFi and NFTs. With NGC’s expertise in crypto-fields, new entrants and startups will be better positioned to provide high-impact solutions to the market, moving beyond the conceptual stage towards real innovation.

Dale Wang, co-founder and CEO of Babel Finance, said: “A fund created for Metavers like NGC could not come at a more critical moment as the space sees rapid growth and a strong support system is needed to scale new players. Their main service. We’re proud to be part of this drive because NGC has doubled down on its efforts to enable the next generation Web 3.0 ecosystem. “

NGC will offer these projects access to a variety of resources, including tokenics advisory, influencer profiles, social platforms, launchpads, legal entities, market makers, exchanges and ecosystems. It will connect founders with NGC’s extensive global investor network built around its presence in Singapore, San Francisco, New York, London and Shanghai.

To date, NGC has made initial investments in Metavers Ventures Everyrealm, VR Jam, and EthSign, further planned in its future pipeline as it adds fuel to the growth and development of Web 3.0.

About NGC Ventures
NGC Ventures is a global crypto-centric venture capital fund and a key investor and contributor to projects at all stages of development, from seed to public sales, for both equity rounds and token growth. With a global team spread across Asia, America and Europe, NGC works closely with founders to solve their problems with tokenics, go-to-market strategies and distribution channels. Our Fund I and II have both invested in more than 70 projects, mostly in blockchain infrastructure and adoption technologies in areas such as D-Fi, gaming and decentralized computing.
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