Multicoin's Venture Fund III will invest between $500,000 and $25 million in early-stage companies from various sectors focused on cryptocurrencies and blockchain technology, the firm announced Tuesday.
It is also willing to invest values of up to USD 100 million or more for later stage projects with an established brand and market presence.
Prominent cryptocurrency investor Multicoin Capital has launched a new venture fund valued at $430 million, further demonstrating venture capital's growing interest in the blockchain economy amid the bear market.
Venture Fund III will place greater emphasis on cryptocurrency projects that have demonstrated proof of physical work, or protocols that have created economic incentives for permissionless contribution.
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Multicoin cryptocurrency
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