HomeCrypto NewsDeFiGumi Cryptos Capital Launches $110 Million Fund for GameFi and...

Gumi Cryptos Capital launches 110 million USD fund for GameFi and Web3

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Gumi Cryptos Capital launches 110 million USD fund for GameFi and Web3

Recently, Gumi Cryptos Capital (GCC) announced the establishment of a 110 million USD fund to support GameFi, Web3…

Announcing on its website, the venture capital fund Gumi Cryptos Capital (GCC) said that it has extracted $ 110 million to set up an investment fund to focus on supporting potential cryptocurrency projects.

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“GCC will invest 110 million USD in crypto startups, supporting projects DeFi, game fi, Web3…and other potential cryptocurrency projects,” announced on GCC's website.

GCC's managing partner, Rui Zhang, said: "We are experienced in blockchain, we have confidence in the field."

In addition, the GCC announcement revealed that “the fund will also invest in decentralized autonomous organizations (DAOs), acquiring tokens of prominent projects. GCC plans to invest between $500.000 and $5 million per project through both early-stage and later-stage investments.”

Before GCC, there were many venture capital funds claiming to "pour money" into crypto projects, for example Cypher Capital recently invested $100 million in Metaverse and DeFi projects. The Griffin Gaming Partners Foundation in early March also announced the establishment of a $3 million fund to support blockchain and web750 game projects.

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