The NEAR Foundation will partner with Caerus Ventures to launch a $100 million Web3 fund
According to Chain Catcher news and reported by techfundingnews, the NEAR Foundation, a Swiss non-profit organization supporting the governance and development of the NEAR protocol, announced a collaboration with Caerus Ventures to launch a $100 million venture capital fund and Venture Lab.It is reported that the initial fundraising target for Venture Lab is $50 million, with a goal of raising $100 million. The focus will be on investing in seed and Series A stage startups to drive the mass adoption of blockchain.Venture Lab will attract top Web3 engineers, developers, and builders to create new products that are expected to define the industry around iconic talent and intellectual property. The new fund will provide cross-functional support to its portfolio projects. (Source link)