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Venom, Iceberg arrange $1 bln fund to spend money on blockchain corporations amid crypto wintry weather

Jan 11 (Reuters) – Blockchain company Venom Basis and Abu Dhabi-based funding supervisor Iceberg Capital Ltd on Wednesday introduced a $1 billion crypto challenge fund and mentioned it was once main a $20 million investment spherical in digital global platform Nümi Metaverse.

The fund, known as Venom Ventures Fund (VVF), targets to spend money on early-stage startups considering bills, asset control, banking services and products and gaming on Web3, a much-hyped imaginative and prescient of a long term web constructed on blockchain.

The release comes at a time when investment for crypto startups has slowed following the worldwide chance off

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