ChainCatcher reported that Techcrunch reported that the DAO-centric accelerator project Seed Club launched its venture capital arm with $25 million in funding. The funds will be deployed to pre-seed and seed-stage projects in the next few years to build infrastructure, applications and tools for DAOs and open communities, with checks ranging from $100,000 to $1 million.
Anthony Avedissian, one of the co-founders of Seed Club Venture, said the venture capital arm has been "quietly investing" since the third quarter of 2021 and has supported projects such as Guild, Stability AI, Lens and Metalabel. It has 63 members, including crypto venture capital firms such as Multicoin Capital, Delphi Digital and Dragonfly Capital, as well as family offices, traditional venture capital firms and companies. But he added that about half of the members are individuals in the crypto field. (Source link)