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Multicoin Capital launches $ 100 million fund to invest in DeFi and NFT

Crypto investment firm Multicoin Capital has launched a new $ 100 million fund. According to Multicoin’s May 4 announcement, Venture Fund II will invest in decentralized finance (DeFi), non-fungible tokens (NFT) and infrastructure crypto projects. In particular, the fund will invest in projects on the Solana blockchain. Multicoin stated that “the DeFi ecosystem is growing on Solana, which takes advantage of this blockchain and connects to the Serum decentralized exchange.” In addition to DeFi and NFT, Multicoin plans to invest in Web3 gaming platforms and infrastructure projects. “Over the next few years, we expect to see a wave of innovation in open finance and Web3,” the company said. “This wave will be possible thanks to the development of basic infrastructure. Over the next few years, we will channel a significant portion of Venture Fund II into these sectors. ” In March, cryptocurrency exchange Binance announced an investment in Multicoin Capital.

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