Investment Firm Lemniscap Raises $70M Fund Targeting Early Stage Web3 Projects
Lemniscap is targeting zero-knowledge infrastructure, consumer applications and decentralized physical infrastructure (DePIN).
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Lemniscap is targeting zero-knowledge infrastructure, consumer applications and decentralized physical infrastructure (DePIN).
Round brings total raise to $21 million and includes participation from Makers Fund, Hashed, amongst others.
The new fund will target early stage opportunities in AI, blockchain technology, chips and data.
The prominent Web3 investor has held talks with investment banks, but is yet to finalize an advisor.
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Earned media is often more valuable for Web3 projects than pay-to-play posts, Tal Harel says.
Unlike web2 applications like Roblox that trap users in, web3 empowers users with digital property rights so they can move freely.