TechFlow reported, according to Cointelegraph, Web3Port has announced the establishment of a Web3 fund—the Web3Port Foundation—with a size of $100 million, focusing on funding forward-looking projects in the Web3 field.
It is understood that Web3Port established the Web3Port Accelerator in 2021, a full-process accelerator platform that has received investments from over 20 well-known institutions, including HashKey Capital, SNZ, and Spark Digital Capital.
The newly established Web3Port Foundation will work closely with the Web3Port Accelerator, leveraging its robust acceleration network to jointly drive innovation and development in Web3 technology alongside global Web3 entrepreneurs. It will also collaborate with Web3Port's partners' $1 billion secondary-market fund, deeply engaging in and supporting mature, high-quality projects.
