GnosisVC will back projects working on real-world assets, decentralized infrastructure and onchain payments platforms.
GnosisDAO, the decentralized autonomous organization behind the Gnosis Chain, has approved a proposal to launch a $40 million venture fund aimed at accelerating early-stage blockchain projects.
According to an Oct. 23 announcement, GnosisDAO will contribute $20 million to the fund, while the remaining $20 million will come from external limited partners (LPs). The fund, dubbed GnosisVC Ecosystem, will prioritize investments in projects working on real-world assets (RWA) tokenization, decentralized infrastructure, and financial payment rails.
“We have put a lot of thought into composing a team that combines expertise in investments, legal structuring, fund management, quantitative modeling at hedge funds as well as DeFi from both a technical and financial perspective, said Stefan George, co-founder of Gnosis, claiming the DAO now have a “more targeted investment strategy aligned with the Gnosis 3.0 thesis.”
