Venture Capital Fund

Web3 venture capital fund Becker Ventures made its debut at Consensus in Hong Kong and will hold a closed-door cocktail party for investors on February 19

ChainCatcher news, Becker Ventures today announced that it will host an "Exclusive Venture Horizon" investor invitation-only cocktail party on February 19 at 18:00 at SOHO House, Central, taking advantage of the annual blockchain event Consensus in Hong Kong.According to official disclosures, this event will selectively invite representatives from leading institutions such as OKX Ventures, Alliance DAO, Paradigm, as well as high-quality Web3 projects that have been selected for the Becker Ventures acceleration program.The event will adopt a dual-track mechanism of invitation and registration review, focusing on cutting-edge tracks such as Infra, DeFi, and AI, with special sessions for project roadshows, thematic roundtables, and free networking."Hong Kong, as a hub for Web3 innovation and consensus, is attracting builders from around the world to converge here," said a founding partner of Becker Ventures. "We look forward to creating a chemical reaction between builders who truly create value and discerning VCs through deep social scenarios."It is reported that the fund's first phase has a scale of $50 million, focusing on innovative projects from seed to Series A rounds. The event has opened a limited registration channel, and Web3 entrepreneurs can submit their BP through luma to obtain entry qualifications. Industry observers point out that this closed-door event may become the most valuable capital matchmaking platform for Hong Kong's Web3 month.

In the past 6 years, the number of cryptocurrency venture capital funds has increased to over 1,150, but the amount of funds raised is far smaller than traditional venture capital

ChainCatcher news, Frank Chaparro, the Special Projects Director at The Block, and Laura Vidiella from MNNC Group published a joint opinion article calling on investors to focus on the long-term development of the crypto industry. Despite the poor performance of the crypto market in September 2024 and recent employment reports dampening market sentiment, the industry is still steadily developing from a macro perspective. Laura recently attended Korea Blockchain Week and hosted a panel discussion on the evolution of liquidity funds and venture capital funds.According to statistics, the number of funds focused on crypto investments worldwide has surged from about 50 in 2018 to over 1,150 currently. In comparison, there are about 4,000 registered hedge funds in the United States and approximately 30,000 globally. In terms of financing, the crypto industry raised over $72 billion from 2018 to 2023, while traditional venture capital in the U.S. raised over $600 billion during the same period.Although the approval of Bitcoin spot ETFs at the beginning of 2024 brought high expectations, this year is more likely to be a transitional period. The current cycle should not be simply compared to previous cycles, as the industry landscape has changed dramatically. If investors feel frustrated, they can take a break or look at industry development trends from a longer-term perspective, which may provide better insights.
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