New Crypto Venture Fund Illuminati Capital Raises $50 Million for Web3 Gaming Startups
The Dubai-based crypto venture fund, Illuminati Capital, has successfully raised $50 million for a fund that aims to invest in early-stage blockchain and Web3 gaming startups. The fund plans to bring the founders’ experience from the blockchain and investment worlds to the evolving landscape of Web3 investments. Illuminati Capital prefers to partner with companies and offer hands-on help with scaling their projects.
Key Points:
- Illuminati Capital has raised $50 million for a fund that focuses on investing in early-stage blockchain and Web3 gaming startups.
- The fund aims to bring the founders’ experience from the blockchain and investment worlds to the evolving landscape of Web3 investments.
- Illuminati Capital prefers to partner with companies and provide hands-on help with scaling their projects.
- The fund focuses on investing in Layer-1, Infrastructure, AI, DeFi, Gaming, and Metaverse projects.
- Web3 gaming, also known as GameFi, is a growing niche within the crypto world.
According to Vickaash Agrawal, a partner at Illuminati Capital, the fund has a track record of over 120 successful blockchain investments, and he brings expertise in data, infrastructure, regulation, and mining. Laura K. Inamedinova, another partner at the firm and CEO of crypto marketing agency LKI Consulting, emphasizes the firm’s commitment to building long-term partnerships with the companies they invest in.
Hot Take: Illuminati Capital’s successful fundraising demonstrates the growing interest in Web3 gaming and the potential for significant returns in this sector. By combining their expertise in blockchain and investments, the fund aims to support early-stage startups and contribute to the development of the Web3 ecosystem.
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