Coin98 Analytics has released data on the top 20 European-based venture capital firms investing in Web3 projects, which has created a buzz in the tech world. The list includes some of the most prominent names in the industry, such as Outlier Ventures, Fabric Ventures, and Moonrock Capital.
Web3 is the next stage of the internet’s evolution, focusing on decentralization, privacy, and security. Web3 projects aim to empower users and create a more open and fair online environment. The growing interest in Web3 has led to an increase in venture capital investment in related projects.
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Outlier Ventures topped the list with investments in more than 50 Web3 projects, including Arweave, Chainlink, and Cosmos. ZBS Capital, known for its investments in decentralized finance, was second on the list, while Fabric Ventures, known for its investments in the Polkadot ecosystem, came in third.
The list also included firms such as 1kx, which invests in early-stage Web3 projects, and Moonrock Capital, which focuses on blockchain-based gaming and metaverse projects. Other notable names on the list were CoinShares, a crypto asset management firm, and Blockchain.com, a leading provider of cryptocurrency wallets.
The report highlights the growing interest in Web3 projects and the importance of venture capital investment in the sector. It also demonstrates the diversity of Web3 projects and the range of investment opportunities available.
The data was compiled from public information and covers investments made by these firms in Web3 projects from 2017 to 2021. The report is a valuable resource for entrepreneurs and investors interested in the Web3 space and provides insights into the most active investors in the sector.
Overall, the report confirms the growing interest in Web3 and the role that venture capital firms play in supporting its development. As the Web3 ecosystem continues to evolve, it will be interesting to see how these investors shape the future of the internet.
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This article was republished from azcoinnews.com