ChainCatcher news, according to Cointelegraph, the stablecoin issuer Tether has invested in Arcanum Capital's Arcanum Emerging Technologies Fund II with its first crypto venture capital fund, which is a tokenized investment tool focused on decentralized Web3 projects, with an investment amount of $2 million.James McDowall, managing partner of Arcanum Capital, revealed that the fund focuses on investing in blockchain technologies that can enhance remittances, cross-border payments, privacy protection, and provide banking services to the unbanked population. Tether's CEO Paolo Ardoino emphasized in an interview that the common goal of Tether and the fund is to overcome review resistance and promote open communication.

ChainCatcher news, according to Forbes, venture capital firm Arcanum Capital, which focuses on seed-stage investments in the Web3 space, has announced the launch of a new fund, Arcanum Luganodes Fund. The new fund focuses on further early-stage investments and larger-scale growth-stage investments at higher valuations.

ChainCatcher news, according to Benzinga, Web3 game integration development company Mozart announced the completion of a $3 million pre-seed funding round, with participation from Arcanum Capital, AG Build, Future Perfect Ventures, and SaxeCap.Mozart aims to simplify the process for game developers to integrate Web3 gaming experiences. Its launched software development kit (SDK) tools allow for the easy construction of Web3 user interfaces that are indistinguishable from traditional gaming experiences, adding NFT functionality components, and supporting credit card payments, among other features.