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Fast take:
GnosisDAO plans to initially make investments $20 million within the new fund with the extra $20 million coming from exterior LPs.
The fund primarily targets early-stage initiatives centered on real-world property, crypto infrastructure and cost rails.
The fund has already made preliminary investments in fiat infrastructure developer Monerium and the decentralised AI platform Naptha AI.
GnosisDAO, the decentralised autonomous organisation behind Gnosis Chain has launched a brand new enterprise fund focusing on early-stage crypto initiatives centered on real-world asset tokenisation, crypto infrastructure and cost rails.
The brand new fund is a part of the Gnosis 3.0 roadmap and will likely be managed by the DAO’s enterprise arm GnosisVC. The DAO plans to initially make investments $20 million within the fund, with the remaining half coming from exterior backers.
In response to the announcement on Thursday, the fund has already made preliminary investments in fiat infrastructure developer Monerium and the decentralised AI platform Naptha AI.
The 2 firms be a part of GnosisDAO’s portfolio of greater than 60 firms together with BlackRock-backed real-world asset tokenisation platform — Centrifuge, the intent-centric orchestration layer — Fabriq, the self-custodial pockets — Zeal and on-chain collaboration house — Fileverse, amongst others.
Commenting on the announcement, Gnosis co-founder Stefan George stated in a press release: “With GnosisVC, we’re not simply investing; we’re architecting a future the place blockchain isn’t simply know-how however a life-style.”
Constructed on high of the Ethereum blockchain, the Gnosis Chain claims to have over 200,000 validators.
A few of GnosisDAO’s early initiatives embrace constructing Ethereum-based functions and key infrastructure like on-chain sensible account supplier Secure and consumer CoW Protocol, an open-source and permissionless DEX aggregation protocol.
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