Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
GnosisDAO is launching a new $40 million venture fund targeting real-world assets, crypto infrastructure and payments

GnosisDAO is launching a new $40 million venture fund targeting real-world assets, crypto infrastructure and payments

The BlockThe Block2024/10/23 16:00
By:The Block

Quick Take GnosisDAO is launching a $40 million venture fund to support early-stage projects under the Gnosis 3.0 roadmap, according to an announcement on Thursday.

GnosisDAO is launching a new $40 million venture fund targeting real-world assets, crypto infrastructure and payments image 0

GnosisDAO is launching a $40 million venture fund to support early-stage projects under the Gnosis 3.0 roadmap.

The GnosisVC fund has three areas of focus: real-world assets, crypto infrastructure and payment rails, according to an announcement on Thursday. For its part, GnosisDAO will invest $20 million in the fund while the remaining half will come from external LPs.

"With GnosisVC, we're not just investing; we're architecting a future where blockchain isn't just technology but a lifestyle," Gnosis co-founder Stefan George said in a statement. 

The fund, which will be partially governed by GNO token holders, has already made preliminary investments in platforms like Monerium — the developers of the EURE fiat infrastructure — and decentralized AI startup Naptha AI. 

Since 2019, GnosisVC has invested in approximately 60 projects, including RWA platform Centrifuge, rollup services firm Gelato and interoperability protocol Nomad.

Gnosis is an EVM-compatible Layer 1 network that extends Ethereum functionality and tooling capability. Its Gnosis Pay Visa debit card enables users to pay for goods and services in crypto.


0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

XRP rises over 20%, spurred by favorable regulatory environment, ETF filing

The price of Ripple’s XRP token has rocketed up over 20% in the past 24 hours, likely buoyed by hopes of a favorable regulatory environment and the resolution of its long-running legal battle with the SEC.21Shares recently filed for an XRP ETF, hoping to bring a fund to market in the likeness of its spot Bitcoin and Ethereum ETFs.

The Block2024/11/17 02:26