Huobi Ventures, Nexo Ventures, Altonomy, GBIC, and Babel Finance are among the backers of NGC Ventures’ third blockchain fund, which has secured $100 million from investors including Huobi Ventures, Nexo Ventures, Altonomy, GBIC, and Babel Finance.
Early-stage Web3 ideas in areas including decentralized banking, blockchain-based games, NFTs, and the metaverse will be the focus of the fund. NGC will supply these companies with resources like tokenomics, influencer profiles, social platforms, launchpads, law firms, market makers, exchanges, and ecosystems in addition to cash.
NGC also hopes to link entrepreneurs to its worldwide investor network with the new fund, utilizing its position in the crypto landscapes of Singapore, China, the United States, and the United Kingdom.
“Despite the systematic market slowdown globally, we continue to see the emergence of high-potential projects that are set to shape the next era of Web3,” said Roger Lim, NGC Ventures’ general partner.
NGC was founded in 2017 by Lim and has made early investments in companies including Everyrealm, VR Jam, and EthSign.
