Crypto VC Dao5 Closes $222M Fund to Back Institutional-Focused Projects
The new $222 million fund is backed by just 15 limited partners, primarily composed of high-net-worth individuals and family offices.
The new $222 million fund is backed by just 15 limited partners, primarily composed of high-net-worth individuals and family offices.
Avalanche is investing aggressively in the Indian region, working closely with more government agencies on welfare projects and rolling out a mini-grants program to encourage builders at all stages to build on their platforms.
According to Precedence Research, the global Web3 gaming market is projected to surge from $31.49 billion in 2024 to approximately $182.98 billion by 2034. This growth is expected to be fueled by a growing number of mainstream titles, including Gunzilla Games' Off The Grid launching on PlayStation 5, and the global FIFA franchise venturing into Web3 versions.
Dr Altcoin points to the momentum surrounding the Consensus event and Pi Network’s ongoing development efforts — including DApp launches and regulatory steps — as key drivers for the earlier timeline. However, he cautioned that external factors, such as suspicious activity on platforms like Banxa, could introduce volatility.
Anonymous Labs has some experience in blending entertainment with blockchain technologies. The developer previously launched a meme coin project based on the Simon’s Cat web cartoon on the BNB Chain. The CAT token, while experiencing recent gains aligned with broader market trends, has shown the volatility typical of digital assets.