TechFlow news, April 30 — According to The Block, Re7 Capital has announced the establishment of a $10 million SocialFi-dedicated fund aimed at investing in approximately 30 early-stage projects. Despite the sector's relatively slow development so far, Re7 partner Luc de Leyritz stated that "the timing is right," with infrastructure, talent, and user behavior now aligning. The fund will primarily issue first-round checks ranging from $100,000 to $300,000, focusing on emerging SocialFi platforms within ecosystems such as Lens Chain and Farcaster. The first tranche of funding has already secured 60% of its commitments.
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