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Alexis Ohanian's Seven Seven Six And Solana Ventures Launch $100M Web3 Growth Fund
Summary: During the Breakpoint conference in Lisbon, Portugal, Reddit co-founder Alexis Ohanian announced that his VC, Seven Seven Six, and Solana Ventures have launched a $100 million Web3 growth fund. The two parties believe that despite the efforts to "decentralize" social media since at least 2017, none of the blockchain-based social projects has been mainstreamed, so ...
During the Breakpoint conference in Lisbon, Portugal, Reddit co-founder Alexis Ohanian announced that his VC, Seven Seven Six, and Solana Ventures have launched a $100 million Web3 growth fund.
The two parties believe that despite the efforts to "decentralize" social media since at least 2017, none of the blockchain-based social projects has been mainstreamed, so the new fund will give priority to technologies or applications that can eliminate intermediaries.
Last Friday, Solana Ventures established a $100 million fund with Lightspeed Venture Partners and FTX to invest in startups focusing on building blockchain game studios.
By Mary Liu
Tags: Alexis Ohanian,Reddit,Seven Seven Six,Solana Ventures
Link: Alexis Ohanian's Seven Seven Six And Solana Ventures Launch $100M Web3 Growth Fund [Copy]
