Animoca Ventures proposes to launch a new fund in partnership with ApeCoin
According to ChainCatcher, Animoca Ventures, the venture capital arm of Animoca Brands, has proposed to co-found a joint venture fund, ApeCoin Ventures, with ApeCoin in ApeCoin DAO. The fund plans to invest in Web3 projects in the seed and A rounds, and give priority to projects that can integrate ApeCoin into its ecosystem, thereby increasing the value, practicality, synergy, network effect and influence of ApeCoin. The fund size of ApeCoin Ventures is US$10 million, of which ApeCoin DAO needs to allocate US$5 million worth of APE (which Animoca Ventures intends to sell for fiat currency), and Animoca Ventures will contribute US$5 million. The proposal is currently open for voting, with a current support rate of 83.49%, and voting will end on August 1.
