Web3Port announced the establishment of a $100 million fund, the Web3Port Foundation, to promote the development of the Web3 industry

ChainCatcher news, according to Cointelegraph, Web3Port announced the establishment of the Web3 fund - Web3Port Foundation, with a scale of $100 million, which will focus on funding forward-looking projects in the Web3 field. It is understood that Web3Port established the Web3Port Accelerator in 2021, which is a fully managed accelerator platform, receiving investments from over 20 well-known institutions including HashKey Capital, SNZ, and Spark Digital Capital.

The newly established Web3Port Foundation will closely collaborate with the Web3Port Accelerator, leveraging a strong acceleration network to jointly support the innovative development of Web3 technology with global Web3 entrepreneurs. At the same time, it will also connect with the $1 billion scale secondary fund of Web3Port partners, deeply participating in and supporting mature high-quality projects.