GnosisDAO, the decentralised autonomous organisation behind Gnosis Chain, has approved a proposal to establish a £40 million venture fund to support early-stage blockchain initiatives. The fund, named GnosisVC Ecosystem, will focus on projects related to real-world asset tokenisation, decentralised infrastructure, and financial payment systems. GnosisDAO will contribute £20 million to the fund, with the remaining £20 million coming from external limited partners. The team behind the fund includes experts in investments, legal structuring, fund management, and DeFi. The fund has already invested in projects like Monerium, Naptha AI, and Schuman Financial. Gnosis, originally a prediction market platform, has expanded its focus to financial infrastructure solutions. The Gnosis ecosystem, established in 2015, currently holds assets worth £267.5 million. Joining established ecosystems has become popular among developers and startups seeking funding for Web3 projects. Read more AI-generated news on: https://app.chaingpt.org/news