Web3 venture capital firm Red Beard Ventures has completed a $25 million financing round, with participation from Animoca Brands and others

2023-05-16 21:16:37

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ChainCatcher news, according to CoinDesk, Web3 venture capital firm [Red Beard Ventures](https://www.rootdata.com/zh/Investors/detail/Red Beard Ventures?k=MTA4NjQ=) has completed a $25 million funding round, with investors including a16z's [Marc Andreessen](https://www.rootdata.com/zh/member/detail/Marc Andreessen?k=ODcwMg==) and [Chris Dixon](https://www.rootdata.com/zh/member/detail/Chris Dixon?k=MTQxNTU=), [Animoca Brands](https://www.rootdata.com/zh/Projects/detail/Animoca Brands?k=MzgzOA==), and NFT platform SuperRare.

The new funding round aims to accelerate the adoption of Web3 technology and support the launch of a token economics accelerator project named Denarii Labs, which is a joint initiative with Horizen Labs Ventures. The program will focus on providing consulting services, weekly educational meetings, mentorship, and launch support for those starting token projects. The accelerator is currently accepting its first applications, set to begin in the third quarter of this year, with each company receiving $100,000 to build their brand. (Source link)

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