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Vessel Capital secures $55M to invest in Web3 infrastructure: Report

  • Vessel Capital has announced a $55 million fund to invest in Web3 infrastructure and applications
  • The goal is to assist crypto founders working on early-stage startups to launch and grow their projects
  • Vessel Capital’s co-founders include Mirza Uddin, Eric Chen, and Anthony Anzalone
  • The fund’s resources will be deployed over a five-year period
  • Vessel believes their experience as founders of startups puts them in a better position to understand entrepreneurs’ needs
  • The debut of Vessel Capital comes amid a downturn in crypto venture capital
  • Web3 infrastructure remains a popular investment target
  • Binance’s venture capital arm, Binance Labs, recently announced a strategic investment in Delphinus Lab’s zero-knowledge WebAssembly (zk-WASM) virtual machine

Vessel Capital, a venture capital firm, has secured a $55 million fund to invest in Web3 infrastructure and applications. The firm’s goal is to assist crypto founders working on early-stage startups to launch and grow their projects. The co-founders of Vessel Capital include Mirza Uddin, Eric Chen, and Anthony Anzalone. The fund’s resources will be deployed over a five-year period. Vessel believes that their experience as founders of startups puts them in a better position to understand entrepreneurs’ needs. The debut of Vessel Capital comes at a time when there is a downturn in crypto venture capital. However, Web3 infrastructure remains a popular investment target. Binance’s venture capital arm, Binance Labs, recently announced a strategic investment in Delphinus Lab’s zero-knowledge WebAssembly (zk-WASM) virtual machine.

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