GnosisDAO Launches $40M GnosisVC Fund to Boost Early-Stage Blockchain Projects
October 24, 2024GnosisDAO has officially launched a $40 million venture fund named GnosisVC, aimed at supporting early-stage blockchain projects in line with the Gnosis 3.0 roadmap.
The funding structure includes a $20 million contribution from GnosisDAO, with the remaining $20 million sourced from external limited partners.
GnosisVC will focus on three primary investment areas: real-world asset tokenization, decentralized infrastructure, and on-chain payment systems.
Governance of the GnosisVC fund will involve GNO token holders, ensuring community participation in decision-making.
Since its inception in 2019, GnosisVC has invested in around 60 projects, including notable names like Centrifuge, Gelato, and Nomad, and has already made preliminary investments in Monerium and Naptha AI.
The Gnosis ecosystem, established in 2015, has transformed from an Ethereum-based prediction market platform to a comprehensive suite of financial infrastructure solutions, including Gnosis Pay.
The Gnosis 3.0 thesis, introduced in March 2024, underscores the importance of infrastructure development, including nodes, AI, decentralized computing, and payment middleware.
Stefan George, co-founder of Gnosis, emphasized that the fund's mission extends beyond mere investment, aiming to integrate blockchain technology into everyday life, stating, 'we're not just investing; we're architecting a future.'
As of the latest report, the Gnosis chain holds assets valued at $267.5 million, reflecting its growing influence in the blockchain space.
Gnosis operates as an EVM-compatible Layer 1 network that enhances Ethereum's capabilities, and it also offers a Gnosis Pay Visa debit card for seamless crypto payments.
Summary based on 2 sources
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Sources
Cointelegraph • Oct 24, 2024
GnosisDAO approves $40M venture fund for RWA, decentralized infrastructure