Crypto investment firm M31 Capital Management, LLC announced Tuesday the launch of a new Web3 fund, “Web3 Opportunity Fund,” which focuses on investing in early-stage blockchain technology projects and protocols in the Web3 ecosystem.

M31 Capital is a global investment firm focused on crypto assets, CRYPTOCURRENCIESand blockchain technology, founded in 2016

The bottom, which has a cap. of $100 million, has already received commitments of $50 million from some investors. The funds raised will be focused on investing in projects that centralize internet infrastructure and applications and crypto projects such as liquidity tokens.

Previously, M31 launched a number of crypto fund products, including Bitcoin funds, DeFi funds, and venture capital (VC) funds,

New York-based crypto blockchain M31 Capital has also pioneered the concept of a “liquid hedge fund.” It provides liquidity after a 12-month lock-up, unlike traditional venture capital funds where capital is typically locked up for 10 years.

Nathan Montone, founder of M31 Capital, said that the current crypto market cycle is the first time in a decade that “prices are trending lower while fundamentals and revenue growth hit record levels almost daily.” .

Based on the new GAMEFI Petworld (PW) coin on Binance Smart Chain, has entered into a cooperation with New York-based M31 Capital encrypted blockchain to help PW enter the crypto market in the United States; supervise PW GAMEFI in resource allocation, risk pricing, revenue production, etc. Establish a comprehensive model to support the promotion of high-quality game development.

Earlier in August, early-stage venture capital firm Shima Capital launched Shima Capital Fund I, the first fund to back emerging digital assets for web3 and crypto startups. The latest fund will give potential businesses between $500,000 and $2 million in pre-seed funding.

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