{"id":67007,"date":"2022-09-12T13:04:34","date_gmt":"2022-09-12T10:04:34","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=67007"},"modified":"2025-09-07T04:24:03","modified_gmt":"2025-09-07T01:24:03","slug":"near-foundation-launches-100m-fund-focused-on-web3","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/near-foundation-launches-100m-fund-focused-on-web3\/","title":{"rendered":"NEAR Foundation launches $100m fund focused on Web3"},"content":{"rendered":"

The NEAR Foundation, a nonprofit organization, has launched a $100 million fund and a venture lab for the segment Web3<\/a>. The The Block<\/a> reports.<\/p>\n

The partner of the new entity is a Swiss investment firm, Caerus Ventures. It is focused on fostering innovation in Web3.<\/p>\n

\n

\u201cThe lab will offer cross-functional support to projects and will be supported by advisory partners, whose names will be announced by the end of the year,\u201d the NEAR Foundation said.<\/p>\n<\/blockquote>\n

The fund’s initial size will be $50 million. According to the statement, the target of $100 million will be raised in subsequent funding rounds.<\/p>\n

The NEAR token reacted to the news with a 10.1% rise over the last 24 hours (CoinGecko<\/a>). As of writing, the asset trades above $5.<\/p>\n

\"NEAR
Hourly chart for NEAR\/USDT on Binance. Data: TradingView.<\/figcaption><\/figure>\n

The NEAR Protocol team raised $350 million<\/a> from Tiger Global, with participation from Republic Capital, Hashed, FTX Ventures, Dragonfly Capital and other investors.<\/p>\n

In January, the project raised $150 million, after which the NEAR price hit an all-time high of $20.<\/p>\n

In the same month, the platform team unveiled a new staking mechanism<\/a>, allowing validators to pay rewards to delegators in several different tokens.<\/p>\n

Earlier in July, venture firm Konvoy Ventures announced the launch of a $150 million fund<\/a>. The vehicle targets gaming Web3 platforms.<\/p>\n

Prior to that, the Ethereum NFT scaling solutions developer Immutable launched a $500 million fund<\/a> focused on Web3 games.<\/p>\n

Read ForkLog’s Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"

The NEAR Foundation, a nonprofit organization, launched a $100 million fund and a venture lab for the Web3 segment, according to The Block.<\/p>\n","protected":false},"author":1,"featured_media":67008,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1216,1133,1110],"class_list":["post-67007","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-near-cryptocurrency","tag-venture-investments","tag-web-3-0"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/67007","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=67007"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/67007\/revisions"}],"predecessor-version":[{"id":67009,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/67007\/revisions\/67009"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/67008"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=67007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=67007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=67007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}