Lemniscap Raises $70M Fund for Early Stage Web3 Projects Including Bitcoin and Zero Knowledge

Wednesday, 28 August 2024, 13:00

Web3 funds are gaining traction as Lemniscap raises $70M, focusing on Bitcoin, zero-knowledge infrastructure, and decentralized physical infrastructure (DePIN). This new fund aims to foster innovative consumer applications and cutting-edge technologies in the ever-expanding web3 landscape.
CoinDesk
Lemniscap Raises $70M Fund for Early Stage Web3 Projects Including Bitcoin and Zero Knowledge

Investment Insight: Lemniscap's $70M Fund

Lemniscap has made headlines by successfully raising $70 million to invest in early stage web3 projects. The fund will prioritize Bitcoin, zero-knowledge infrastructure, and decentralized physical infrastructure (DePIN). This strategic move underscores the firm’s commitment to the burgeoning web3 ecosystem.

Key Focus Areas

  • Bitcoin: Expanding opportunities within the crypto space
  • Zero Knowledge: Enhancing privacy and security features in applications
  • DePIN: Pioneering decentralized infrastructure for real-world applications

Investors are excited about the potential growth in consumer applications that leverage these emerging technologies. This fund aims to stimulate advancements and capitalize on the shifting paradigms of digital finance.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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