MoonPay has established an investment division, MoonPay Ventures, focusing on areas such as Web3 infrastructure
ChainCatcher news, according to TechCrunch, Web3 payment infrastructure company MoonPay has established an investment division, MoonPay Ventures, which will focus on early-stage startups in the Web3 infrastructure, gaming, and related fintech sectors.MoonPay Ventures will primarily invest between $100,000 and $1 million, targeting seed and Series A funding.Abhay Mavalankar, Vice President of Corporate Development and Investment at MoonPay, stated that the fund has already invested in over 25 companies, including BCB Group, Ledger, BRUT, BeatClub, absolute labs, Create/OS, BridgeTower Capital, and Mythical Games. MoonPay has not allocated a specific amount of funding, and the team will invest off the balance sheet.