Open Web Collective has established OWC Ventures, planning to raise $20 million to invest in cryptocurrency startups

According to Chain Catcher, as reported by Techcrunch, the blockchain and Web3 accelerator Open Web Collective, spun off from NEAR, announced the establishment of OWC Ventures to invest in early-stage cryptocurrency startups. Jeff Lavoie, the investment director of OWC Ventures, stated that OWC Ventures has received support from DCG and NEAR, and plans to raise $20 million to invest in Pre-Seed to Series A funding rounds. Jeff Lavoie mentioned that OWC Ventures will invest in areas such as DeFi, SocialFi, and gaming. (Source link)