The fund will provide capital for early-stage and later-stage projects in Data DAOs, open finance, Web3 infrastructure and consumer social opportunities, among other initiatives. Early-stage projects can expect to receive between $500,000 and $25 million from a combination of funds originating from Venture Fund III and the Multicoin’s evergreen liquid fund, which has assets in the single-digit billions. Later-stage projects are eligible for up to $100 million in capital from a combination of the same two funds.
