Multicoin Capital, the crypto-focused VC firm that’s backed multiple Web3 and DeFi projects, announced the launch of its third $430 million venture fund.

The firm, which plans to invest anywhere between $500,000 to $25 million in early-stage and up to $100 million for later-stage projects, will provide capital for projects focused on decentralized autonomous organizations (DAOs) tooling, open finance and Web3 infrastructure, and consumer social opportunities.

Muticoin has previously invested in cryptocurrencies and blockchain companies including Ethereum, Solana, Braintrust, FTX and more.

Although we have grown substantially over the last few years, the way we operate has not changed. We are still thesis-driven and we are still founder-first. – the firm wrote
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