Thursday, March 23, 2023
  • Login
EthozEdge
No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
Cryptocurrency Marketcap
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
No Result
View All Result
EthozEdge
No Result
View All Result
Home DeFi

New Zealand VC Launches $5 Million Web3 and Crypto-Focused Fund – Finance Bitcoin News

by ethozedge
May 6, 2022
in DeFi
Reading Time: 4 mins read
A A
0
Share on FacebookShare on Twitter


New Zealand-based venture capital firm Global From Day 1 (GD1) recently said it had launched a $5 million Web3 and crypto-focused venture capital fund to back local startups. The fund will invest in pre-seed to Series A companies across decentralized finance (defi), decentralized autonomous organizations (DAOs), non-fungible tokens (NFTs), and Web3.

GD1’s Web3 and Crypto Strategy

In a boost for New Zealand-based startups and local investors, GD1 has launched a $5 million Web3 and crypto-focused venture capital fund. The fund, known as GD1 Crypto Fund 1, will be led by cryptocurrency and Web3 expert Nawaz Ahmed as a general partner. Remarking on what the incoming general partner is expected to bring, Vignesh Kumar, the co-managing partner at GD1, said in a press release:

One of our goals at GD1 has always been to diversify into new focus areas and continuously expand our knowledge base by onboarding individuals with diverse and interesting experiences and so we’re thrilled to have Nawaz join the GD1 team to help lead our web3/crypto strategy.

Kumar added that Nawaz’s work grants GD1 a vital platform to test the fund’s “thesis around the concept of permissionless innovation that web3 is built on.”

According to the statement, the fund’s first close is set for June and there are expectations it will be oversubscribed with early commitment from international Limited Partners. The statement, meanwhile, clarified that the GD1 Crypto Fund 1 is separate from GD1 Fund 3.

Missed Opportunity

For his part, Ahmed spoke of how of local startups appeared to only seek funding from offshore sources. He said:

“In the past, the very best NZ companies in this space have easily been able to raise funds globally and haven’t needed to rely on local investment. This is a missed opportunity for NZ-based funds and one we’d like to be the first to explore.”

As Ahmed acknowledges, several funds specifically focused on the metaverse, Web3, and cryptocurrency have sprouted over the past few years. However, unlike GD1’s fund, some of the global venture capital groups like Griffin Gaming Partners, a VC firm specializing in gaming-related investments, have launched larger funds.

As recently reported by Bitcoin.com News, Griffin Gaming Partners has set aside $750 million to fund Web3 and blockchain projects. Earlier this year, Electric Capital is reported to have raised $1 billion to back crypto startups and to buy tokens, while Dragonfly Capital closed its fund for an oversubscribed $650 million.

Meanwhile, the New Zealand VC’s statement revealed that GD1 will be investing in pre-seed to Series A companies across decentralized finance, decentralized autonomous organizations, non-fungible tokens, Web3, and crypto infrastructure.

What are your thoughts on this story? Tell us what you think in the comments section below.

Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.







Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More Popular News

In Case You Missed It





Source link

Tags: Bitcoinbitcoin newscrypto analysiscrypto newsCryptoFocusedEthoz EdgeFinancefundLatest bitcoin newslatest crypto newsLaunchesMillionNewsWeb3Zealand
Share76Tweet47

Related Posts

5 Tales from the Crypto: Will Stablecoins Keep Digital Asset Dreams Alive?

by ethozedge
March 22, 2023
0

As the going gets tough for crypto, will the underlying blockchain technology get going? That was one of the top...

Value Locked in Defi Rises Above $50 Billion Mark, Ethereum Dominates TVL by Blockchain – Defi Bitcoin News

by ethozedge
March 22, 2023
0

The total value locked (TVL) in decentralized finance (defi) has risen above the $50 billion mark after falling below the...

J.P. Morgan Acquires Aumni, Investment Analytics Provider

by ethozedge
March 22, 2023
0

J.P. Morgan is acquiring investment analytics tool Aumni. While terms of the deal are undisclosed, CNBC reports that J.P. Morgan...

Biden Administration’s Economic Report Deems Crypto Assets ‘Mostly Speculative Investment Vehicles’ – Bitcoin News

by ethozedge
March 22, 2023
0

On Monday, U.S. president Joe Biden published the administration’s economic report and addressed the subject of cryptocurrencies. The section titled...

eToro Lands $250 Million at $3.5 Billion Valuation

by ethozedge
March 21, 2023
0

eToro landed $250 million in funding at a $3.5 billion valuation The investment boosts the company’s total funding to $573...

Load More
  • Trending
  • Comments
  • Latest

🔴 Bank of America Bets on Crypto

April 11, 2022

Pomelo Launches Family Credit Cards to Combine Credit and International Money Transfer

August 16, 2022

How to Add Polygon (MATIC) to Your MetaMask Wallet

May 28, 2022

The Sandbox Price Prediction 2022-2030: HODL or DUMP?

May 25, 2022

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

0

At least 54 apes were stolen in BAYC Instagram hack

0

Binance Introduces New Crypto Card for Ukrainian Refugees

0

55,000 Meta Cricket League NFTs sell out in nine minutes

0

Coinbase’s Brian Armstrong criticizes US crypto regulation, SEC behavior in Twitter Space

March 23, 2023

Australian Crypto Exchange Considering Setting Up Hong Kong

March 23, 2023

Solana (SOL) and Avorak AI (AVRK)

March 23, 2023

Your March Newsletter for All Things BitPay and Crypto

March 23, 2023
Facebook Twitter LinkedIn Tumblr RSS
EthozEdge

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at EthozEdge

CATEGORIES

  • Altcoin News
  • Avalanche Network
  • Binance Smart Chain
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Regulation News
  • DeFi
  • Ethereum
  • EVM News
  • Fantom Opera Chain
  • Harmony Chain
  • Huobi Eco Chain
  • Metaverse
  • NFT
  • Polygon Chain
  • Scam News
  • Web 3.0
  • XDai Chain

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • JDBJDB(JDB)$0.021575-0.61%
  • bitcoinBitcoin(BTC)$28,473.003.59%
  • ethereumEthereum(ETH)$1,822.624.49%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.01-0.09%
  • binancecoinBNB(BNB)$331.222.06%
  • usd-coinUSD Coin(USDC)$1.010.05%
  • rippleXRP(XRP)$0.4500315.57%
  • cardanoCardano(ADA)$0.3739963.33%
  • dogecoinDogecoin(DOGE)$0.0778314.57%
  • staked-etherLido Staked Ether(STETH)$1,820.624.74%
  • matic-networkPolygon(MATIC)$1.131.73%
  • solanaSolana(SOL)$22.222.57%
  • binance-usdBinance USD(BUSD)$1.01-0.02%
  • polkadotPolkadot(DOT)$6.344.14%
  • litecoinLitecoin(LTC)$93.707.23%
  • shiba-inuShiba Inu(SHIB)$0.0000112.40%
  • tronTRON(TRX)$0.0657909.69%
  • avalanche-2Avalanche(AVAX)$17.634.71%
  • daiDai(DAI)$1.00-0.07%
  • uniswapUniswap(UNI)$6.272.89%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$28,490.003.74%
  • chainlinkChainlink(LINK)$7.636.17%
  • cosmosCosmos Hub(ATOM)$11.753.49%
  • leo-tokenLEO Token(LEO)$3.400.73%
  • ToncoinToncoin(TON)$2.13-11.09%
  • ethereum-classicEthereum Classic(ETC)$20.873.38%
  • moneroMonero(XMR)$156.985.27%
  • okbOKB(OKB)$45.25-0.11%
  • bitcoin-cashBitcoin Cash(BCH)$129.122.16%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • stellarStellar(XLM)$0.0932102.46%
  • filecoinFilecoin(FIL)$5.945.59%
  • AptosAptos(APT)$13.162.92%
  • true-usdTrueUSD(TUSD)$1.01-0.13%
  • lido-daoLido DAO(LDO)$2.32-1.83%
  • hedera-hashgraphHedera(HBAR)$0.0628503.41%
  • quant-networkQuant(QNT)$127.772.51%
  • crypto-com-chainCronos(CRO)$0.0702712.05%
  • nearNEAR Protocol(NEAR)$2.054.95%
  • ArbitrumArbitrum(ARB)$1.39-72.42%
  • vechainVeChain(VET)$0.0237185.24%
  • blockstackStacks(STX)$1.180.18%
  • algorandAlgorand(ALGO)$0.2204352.63%
  • internet-computerInternet Computer(ICP)$5.223.12%
  • apecoinApeCoin(APE)$4.153.49%
  • fantomFantom(FTM)$0.4956625.31%
  • the-graphThe Graph(GRT)$0.1538316.60%
  • eosEOS(EOS)$1.175.95%
  • the-sandboxThe Sandbox(SAND)$0.663.73%
  • decentralandDecentraland(MANA)$0.615.17%
  • aaveAave(AAVE)$76.901.80%
  • elrond-erd-2MultiversX(EGLD)$43.723.35%
  • immutable-xImmutableX(IMX)$1.212.05%
  • tezosTezos(XTZ)$1.174.37%
  • flowFlow(FLOW)$1.033.58%
  • theta-tokenTheta Network(THETA)$1.055.25%
  • fraxFrax(FRAX)$1.00-0.23%
  • axie-infinityAxie Infinity(AXS)$8.724.03%
  • kucoin-sharesKuCoin(KCS)$9.101.02%
  • neoNEO(NEO)$12.416.71%
  • havvenSynthetix Network(SNX)$2.69-0.22%
  • conflux-tokenConflux(CFX)$0.3825010.91%
  • optimismOptimism(OP)$2.47-2.79%
  • mina-protocolMina Protocol(MINA)$0.8910.60%
  • rocket-poolRocket Pool(RPL)$40.243.99%
  • gatechain-tokenGate(GT)$5.424.01%
  • BitDAOBitDAO(BIT)$0.530.89%
  • paxos-standardPax Dollar(USDP)$1.010.02%
  • curve-dao-tokenCurve DAO(CRV)$0.973.08%
  • terra-lunaTerra Luna Classic(LUNC)$0.0001271.07%
  • bitcoin-cash-svBitcoin SV(BSV)$37.825.51%
  • usddUSDD(USDD)$1.000.07%
  • klay-tokenKlaytn(KLAY)$0.2336743.86%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.972.87%
  • dashDash(DASH)$63.838.89%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.791.07%
  • chilizChiliz(CHZ)$0.1231133.50%
  • gmxGMX(GMX)$75.22-2.88%
  • sapphireSapphire(SAPP)$0.7035.32%
  • ecasheCash(XEC)$0.0000324.73%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • makerMaker(MKR)$679.790.79%
  • frax-shareFrax Share(FXS)$8.192.97%
  • iotaIOTA(MIOTA)$0.2179254.02%
  • bittorrentBitTorrent(BTT)$0.0000011.78%
  • singularitynetSingularityNET(AGIX)$0.495965-0.58%
  • huobi-tokenHuobi(HT)$3.682.55%
  • Bitget TokenBitget Token(BGB)$0.4004020.49%
  • compound-ethercETH(CETH)$36.614.71%
  • EdgecoinEdgecoin(EDGT)$1.01-0.07%
  • xdce-crowd-saleXDC Network(XDC)$0.038093-2.16%
  • Tokenize XchangeTokenize Xchange(TKX)$6.513.16%
  • pax-goldPAX Gold(PAXG)$1,997.370.35%
  • trust-wallet-tokenTrust Wallet(TWT)$1.211.49%
  • tether-goldTether Gold(XAUT)$2,006.561.74%
  • render-tokenRender(RNDR)$1.34-4.96%
  • radixRadix(XRD)$0.04582715.41%
  • zilliqaZilliqa(ZIL)$0.0285434.50%
  • mask-networkMask Network(MASK)$6.0921.51%
  • binaryxBinaryX(BNX)$165.94-5.94%
  • loopringLoopring(LRC)$0.36744510.00%
  • compound-usd-coincUSDC(CUSDC)$0.0229040.01%
  • osmosisOsmosis(OSMO)$0.822.15%
  • Halo CoinHalo Coin(HALO)$0.057352-0.04%
  • 1inch1inch(1INCH)$0.522.41%
  • thorchainTHORChain(RUNE)$1.445.51%
  • arweaveArweave(AR)$8.560.90%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,950.604.55%
  • oec-tokenOKC Token(OKT)$23.194.20%
  • zcashZcash(ZEC)$38.2110.52%
  • convex-financeConvex Finance(CVX)$5.442.37%
  • fetch-aiFetch.ai(FET)$0.3904541.88%
  • casper-networkCasper Network(CSPR)$0.0373252.33%
  • enjincoinEnjin Coin(ENJ)$0.4044094.04%
  • nexoNEXO(NEXO)$0.725.80%
  • dydxdYdX(DYDX)$2.624.84%
  • kavaKava(KAVA)$0.88-0.82%
  • gemini-dollarGemini Dollar(GUSD)$1.00-0.41%
  • btse-tokenBTSE Token(BTSE)$2.411.06%
  • DeFiChainDeFiChain(DFI)$0.582.95%
  • FlareFlare(FLR)$0.031920-0.64%
  • EthereumPoWEthereumPoW(ETHW)$3.545.60%
  • basic-attention-tokenBasic Attention(BAT)$0.2552766.35%
  • FLOKIFLOKI(FLOKI)$0.0000382.40%
  • cdaicDAI(CDAI)$0.022251-0.12%
  • ethereum-name-serviceEthereum Name Service(ENS)$13.992.85%
  • nemNEM(XEM)$0.0400493.51%
  • DogechainDogechain(DC)$0.001787-24.98%
  • Nexus MutualNexus Mutual(NXM)$52.144.30%
  • MagicMagic(MAGIC)$1.66-8.29%
  • WEMIXWEMIX(WEMIX)$1.420.31%
  • woo-networkWOO Network(WOO)$0.2064814.74%
  • qtumQtum(QTUM)$3.267.81%
  • holotokenHolo(HOT)$0.0019136.29%
  • injective-protocolInjective(INJ)$4.242.17%
  • Aleph ZeroAleph Zero(AZERO)$1.540.53%
  • theta-fuelTheta Fuel(TFUEL)$0.0549014.20%
  • baby-doge-coinBaby Doge Coin(BABYDOGE)$0.0000000.18%
  • decredDecred(DCR)$22.1313.73%
  • terra-luna-2Terra(LUNA)$1.36-0.79%
  • galaGALA(GALA)$0.0425054.45%
  • ravencoinRavencoin(RVN)$0.0268883.23%
  • kusamaKusama(KSM)$35.025.51%
  • celoCelo(CELO)$0.633.18%
  • compound-governance-tokenCompound(COMP)$44.083.21%
  • oasis-networkOasis Network(ROSE)$0.0597214.80%
  • bitcoin-goldBitcoin Gold(BTG)$16.962.93%
  • KaspaKaspa(KAS)$0.0167773.76%
  • bloxBlox(CDT)$0.43398911.97%
  • Gains FarmGains Farm(GFARM2)$8,150.470.30%
  • gnosisGnosis(GNO)$112.493.93%
  • Access ProtocolAccess Protocol(ACS)$0.0098062.96%
  • olympusOlympus(OHM)$10.350.86%
  • ankrAnkr Network(ANKR)$0.0350776.19%
  • yearn-financeyearn.finance(YFI)$8,712.803.84%
  • AstarAstar(ASTR)$0.0654381.25%
  • balancerBalancer(BAL)$7.067.34%
  • BeldexBeldex(BDX)$0.054579-1.30%
  • audiusAudius(AUDIO)$0.2851112.67%
  • linkLINK(LN)$41.712.86%
  • safemoonSafeMoon [OLD](SAFEMOON)$0.0000001.92%
  • harmonyHarmony(ONE)$0.0220348.34%
  • nucypherNuCypher(NU)$0.2079840.91%
  • liquity-usdLiquity USD(LUSD)$1.020.19%
  • chiaChia(XCH)$38.591.83%
  • Bone ShibaSwapBone ShibaSwap(BONE)$1.140.95%
  • stepnSTEPN(GMT)$0.4114905.85%
  • SSV NetworkSSV Network(SSV)$36.382.32%
  • IdeaChainIdeaChain(ICH)$4.730.00%
  • huobi-btcHuobi BTC(HBTC)$28,368.002.65%
  • ftx-tokenFTX(FTT)$1.89-21.52%
  • convex-crvConvex CRV(CVXCRV)$0.874.77%
  • Crypto Gladiator LeagueCrypto Gladiator League(CGL)$0.16194440.57%
  • Gains NetworkGains Network(GNS)$8.215.14%
  • omisegoOMG Network(OMG)$1.773.84%
  • AstraferAstrafer(ASTRAFER)$1.592.08%
  • BlurBlur(BLUR)$0.590.85%
  • golemGolem(GLM)$0.2454602.35%
  • iotexIoTeX(IOTX)$0.0255574.68%
  • moonbeamMoonbeam(GLMR)$0.3948083.89%
  • justJUST(JST)$0.0266545.70%
  • DAO MakerDAO Maker(DAO)$1.576.24%
  • Manchester City Fan TokenManchester City Fan Token(CITY)$11.87-1.78%
  • jasmycoinJasmyCoin(JASMY)$0.0048963.62%
  • world-mobile-tokenWorld Mobile Token(WMT)$0.2920233.33%
  • amp-tokenAmp(AMP)$0.0040866.38%
  • escoin-tokenEscoin(ELG)$2.870.68%
  • kadenaKadena(KDA)$1.022.04%
  • Meerkat SharesMeerkat Shares(MSHARE)$11,715.17-5.03%
  • Frax EtherFrax Ether(FRXETH)$1,822.574.60%
  • wavesWaves(WAVES)$2.261.13%
  • ecomiECOMI(OMI)$0.000829-2.52%
  • tether-eurtEuro Tether(EURT)$1.090.13%
  • Staked LunaStaked Luna(STLUNA)$88.35-0.49%
  • nervos-networkNervos Network(CKB)$0.0065249.38%
  • band-protocolBand Protocol(BAND)$1.734.53%
  • siacoinSiacoin(SC)$0.0041393.82%
  • terrausdTerraClassicUSD(USTC)$0.0215020.48%
  • iconICON(ICX)$0.2205264.66%