ChainCatcher news, according to Mpost, Cryptomeria Capital has announced the launch of a new Web3 venture capital fund aiming to raise $50 million, with participation from European tech investment firm Axon Partners Group. The fund is currently receiving contributions from numerous traditional investors and Web3 stakeholders, institutional entities, and family offices from the EU, Middle East, and Asia.Currently, Cryptomeria Capital has multiple Web3 portfolios, including the synthetic asset protocol Kalata, the zkRollup network Intmax, the social trading platform Tradelize, the metaverse NFT marketplace MetaMundo, and the Layer 2+ DAO foundational protocol Metis.

ChainCatcher news, according to VentureBeat, Paper Ventures has launched a $25 million Web3 venture capital fund. The fund was raised through traditional hedge funds, family offices, exchanges, founders, and other early participants in the high-net-worth crypto space.It is reported that one of the partners, Blakey, is a co-founder of Ascensive Assets and an early supporter of Frax Finance, SEI, Polygon, Injective, Polkadot, Moonbeam, and Cosmos.