Venom Foundation and Iceberg Capital Launch $1 Billion Fund for Investing in Web3 Technologies

Blockchain 101: Why is Venture Capital Critical for Web3 and How Does it Help Entrepreneurs

Venture capital is critical for the development of Web3 because it provides a crucial source of funding for startups and entrepreneurs working on decentralized technologies and applications. These early-stage companies often have innovative ideas and technologies that have the potential to disrupt traditional industries and create new opportunities, but they often lack the resources to bring their ideas to fruition. Venture capital helps fill this gap by providing the necessary funding for development and growth.

In addition to funding, venture capital also provides valuable resources and support for entrepreneurs. This includes mentorship, networking opportunities, and access to industry experts. These resources are especially important in the Web3 space, which is still relatively new and rapidly evolving.

Entrepreneurs in this field may have great ideas, but they often lack the experience and knowledge to navigate the complex and uncertain environment. Venture capital firms can help bridge this gap by providing guidance and support to help these entrepreneurs succeed.

How Abu Dhabi Global Market (ADGM) is Becoming the Hub for Web3 in the Middle East

Abu Dhabi is quickly becoming a centre for blockchain and Web3 companies in the Middle East with the help of the Abu Dhabi Global Market (ADGM) financial district. The Abu Dhabi government has taken a proactive approach to creating a regulatory framework that is conducive to the development of these industries, including the ability for fintech companies to test their innovations, and setting up guidelines for the issuance of digital assets. This makes it an attractive location for blockchain and Web3 companies looking to expand into the Middle East and North Africa (MENA) region.

$1 Billion Fund by Venom Foundation for Investing in Web3: Why Does it Matter?

A lot of venture capital firms and blockchain companies are now exploring or establishing businesses in Abu Dhabi and UAE as a result. With Venom Foundation and Iceberg Capital launching a $1 billion Venom Ventures Fund, Abu Dhabi is becoming the institutional capital of the middle east region.

The partnership between Venom Foundation and Iceberg Capital to launch the $1 billion Venom Ventures Fund (VVF) focuses on investing in innovative protocols and Web3 dApps, such as payments, asset management, DeFi, banking services, and GameFi, and aligns with the long-term trends that are shaping the Web3 ecosystem. This focus on innovation and future-facing technologies will help support and accelerate the development of Web3.

The fund's leadership team's extensive experience in traditional finance and blockchain, as well as their track record in the MENA region, provides a strong foundation for the fund to make strategic investments and provide valuable support to projects and teams. Further, the fund's partnership with ADGM regulated entities such as Iceberg Capital, offers both regulatory certainty and access to a network of industry experts and resources that can help support the incubation and growth of investee projects. This will accelerate the projects' development, and also, help them to be transparent and adhere to the regulations.

Lastly, the fund's ability to provide financial, technical, and marketing support to promising teams and projects in the Web3 space is a crucial step to help them bring their visions to life, which is critical for the overall development of Web3. In conclusion, the launch of the Venom Ventures Fund (VVF) is a significant step for the development of Web3 as it provides a significant amount of funding, strategic support, and regulatory certainty to promising projects and teams working in the Web3 space, which can accelerate the adoption and development of Web3.

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Image credits: Faisal Manga.