Near Foundation, the Switzerland-based Non-Profit in charge of the Near Protocol has launched a new $100 million Web3.0 fund.
The CEO of the Near Foundation, Marieke Flament, has made the announcement. The firm partnered with Caerus Ventures, a new Venture Capital fund whose primary focus is hinged on creators, talents, and IP owners.
Near has a plan to strengthen new protocols with seed rounds that could be as high as $100 million, the Near Foundation said it would inject the largest chunk of this targeted fund with $50 million.
The CEO said, ”Our cultural passions for live sport, film, or music have historically been leveraged to on-ramp billions of consumers to new technologies. The creators, talent, and franchises with reach and influence spearheaded that growth and will now drive the adoption of blockchain at scale. But this time, they and their fans will have greater access to the value created”
Near Protocol is a major blockchain network currently the 23rd largest digital currency by market capitalization. At $4.97 and a market cap of $3.88 billion. The NEAR coin has been tagged as one of the most resilient cryptocurrencies since the crypto onslaught started.
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