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UAE investors launch fund targeting web3 projects with $1 billion

Venom Ventures Fund

Venom Ventures Fund is hoping to capitalize on the burgeoning DeFi, gaming, and banking services market that has seen immense growth throughout 2021.

The two groups believe that Web3 is “the future of digital assets and financial services” and that their investments will help unlock new opportunities in the space.

“We are excited to join forces with Venom Foundation to bring our collective experience and network of resources to a whole new level,” said Knez.

The partnership between Venom Foundation and Iceberg Capital marks a major milestone in the development of the blockchain and cryptocurrency space, and highlights the potential of web3 technologies.

With $1 billion in new capital available for investment, the two groups are hoping to drive innovation in the space and build a foundation for a new, more secure financial infrastructure.

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Judith Faith has been writing about cryptocurrencies and blockchain technology for over five years. She is well versed in the industry and has an extensive network of industry contacts. She is also a frequent contributor to various cryptocurrency publications. With her vast knowledge and experience, she is able to provide insightful and valuable content to her readers. Judith is also an active investor in the cryptocurrency space and has a vested interest in the success of the industry. She is passionate about helping to foster the growth of the industry and believes in the power of blockchain technology to revolutionize the world.