LongHash Ventures launches a $100 million fund focused on Web3

The Singapore-based LongHash Ventures has launched a $100 million fund focused on Web3.

With both Fund II and the LongHashX Accelerator, we’ll continue our mission to support and empower the next generation Web3 founders! 🎉🚀 https://t.co/XDCLDCzlKy

— 🔰 LongHash Ventures (@LongHashVC) August 10, 2022

Hashkey Capital, NGC Ventures, Protocol Labs, Gnosis Safe, MEXC and other investors participated in the creation of the fund.

LongHash Ventures Fund II will invest in early-stage startups developing multichain infrastructure for DeFi, issuing NFTs, creating metaverses, and blockchain-powered gaming projects.

The first LongHash fund attracted $15 million, launching in 2021. The company has also run the LongHashX accelerator programme since 2018, supported by Protocol Labs.

LongHash Ventures’ investment portfolio includes more than 60 Web3-related projects, including Polkadot, Coinshift and Balancer.

Earlier LongHash Ventures announced the launch of an accelerator in partnership with Terraform Labs. Subsequently, the Terra ecosystem collapsed.

Read ForkLog’s Bitcoin news on our Telegram — cryptocurrency news, prices and analysis.