By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CryptoCommunityCryptoCommunity
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Search
  • BTC
  • ETH
  • USDT
  • USDC
  • BNB
  • BUSD
  • ADA
  • XRP
  • SOL
  • DOGE
  • DOT
  • MATIC
Reading: NEAR protocol spin-off Open Web Collective launches venture arm to invest in early-stage web3
Share
Aa
CryptoCommunityCryptoCommunity
Aa
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Search
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
CryptoCommunity > Blog > General > NEAR protocol spin-off Open Web Collective launches venture arm to invest in early-stage web3
General

NEAR protocol spin-off Open Web Collective launches venture arm to invest in early-stage web3

admin Published September 19, 2022
Last updated: 2022/09/19 at 6:31 PM
Share
SHARE

[ad_1]

Open Web Collective, a blockchain and web3 accelerator, has launched a new division called OWC Ventures to invest in early-stage crypto startups, the team exclusively told TechCrunch.

The division is backed by Barry Silbert’s Digital Currency Group and the blockchain protocol NEAR (which OWC previously spun out from), Jeff Lavoie, head of investments at OWC Ventures, said to TechCrunch.

There will also be a fund behind OWC Ventures, which has not closed yet, but the team said it anticipates “raising a $20 million vehicle for pre-seed to Series A deals with co-investment opportunities.”

“If you look at NEAR’s ethos and DNA, we’re capturing a lot of that [with OWC Ventures]. NEAR’s focus is on user experience, the end developer, Lavoie said. They’ve tried to make their lives as easy as possible, to create the next leaders in web3.”

NEAR protocol’s focus has been on improving developer language, documentation, the technology, and other things they’ve created, Lavoie said. “They’ve enabled and empowered the developer. That’s a theme that’s incredibly powerful to us and we’re going to focus on that. Without that none of this is possible.”

OWC’s two-year-old accelerator program is made up of 26 alumni founders who have raised over $360 million in capital collectively, its website states.

“We’re evolving the way in which we’re going to play in the web3 space and move forward web3 adoption,” Mildred Idada, founder and general partner of OWC, told TechCrunch. “We’ve been spending time on the earliest stages pre-seed and seed, but with this new roll out we’re excited to move into Series A and other focus areas.”

Aside from investing in developers, OWC Ventures will also deploy capital in other sectors like DeFi, SocialFi and gaming, Lavoie said. “Our strategy is to play at the early stage, we want to stay small enough to participate in the highest value opportunities.”

“We expect a lot of activity to pick up in the next few months and as we enter into Q1,” Idada said. “But we’re actively deploying and raising, we’re excited about the time we’re in right now. There’s never been a better time to deploy”.

[ad_2]

You Might Also Like

Revyze is building the TikTok of educational videos

YouTube ends the test asking users to get a premium subscription to watch 4K videos

Who is going to buy Cadillac’s $300,000 hand-built EV?

Don’t let today’s software rally improve your mood

Daily Crunch: Kanye West reaches agreement to acquire social media platform Parler

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
admin September 19, 2022
Share this Article
Facebook TwitterEmail Print
Share
Previous Article Cryptocurrency Continues to Enter The Mainstream, But Education Remains a Barrier
Next Article Rockstar Games confirms GTA 6 footage leak

Latest News

earn bitcoins fast
How to earn bitcoins fast
crypto
Cryptocurrency is a Scam or Not
How to Tell If a Cryptocurrency is a Scam or Not
crypto
Losing In Cryptocurrency Trading
Tips to Avoid Losing In Cryptocurrency Trading
crypto
Sell Products Online with Bitcoins
How to Sell Products Online with Bitcoins – The Ultimate Guide
crypto

You Might also Like

Revyze is building the TikTok of educational videos

6 Min Read

YouTube ends the test asking users to get a premium subscription to watch 4K videos

2 Min Read

Who is going to buy Cadillac’s $300,000 hand-built EV?

4 Min Read

Don’t let today’s software rally improve your mood

1 Min Read

Crypto Community

  • Home
  • Crypto Calculator
  • Blog
  • Contact Us
  • Privacy Policy
  • Disclaimer
  • Terms and Conditions

Real time Cryptocurrency

  • Crypto Prices
  • Dogecoin price
  • Shibainu coin price
  • Bitcoin Price
  • Cardano Price
  • Litecoins Price

Cryptocurrency Price USD

  • Bitcoin price USD
  • Ethereum price USD
  • Tether price USD
  • BNB Price USD
  • Cardano Price USD
  • Solana Price USD
  • Peps coin Price USD
  • floki inu Price USD
  • SIA coin Price USD
CryptoCommunityCryptoCommunity
Follow US

© 2022 Cryptos Community All Rights Reserved. All logos and images used on this website are registered trademarks of their respective companies. All Rights Reserved. Cryptos Community is not liable for inaccuracies, errors, or omissions found herein. For the removal of copyrighted images, trademarks, or other issues, Contact Us. 


Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?