• NEAR protocol spin-off Open Web Collective launches venture arm to invest in early-stage web3

    9 days ago - By Tech Crunch

    Open Web Collective, a blockchain and web3 accelerator, has launched a new division called OWC Ventures to invest in early-stage crypto startups, the team exclusively told TechCrunch.
    The division is backed by Barry Silbert's Digital Currency Group and the blockchain protocol NEAR , Jeff Lavoie, head of investments at OWC Ventures, said to TechCrunch.
    There will also be a fund behind OWC Ventures, which has not closed yet, but the team said it anticipates “raising a $20 million vehicle for pre-seed to Series A deals with co-investment opportunities.”
    “If you look at NEAR's ethos and DNA...
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