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Crypto Bro Heaven: Billionaire VCs Unleash Hellfire on Web3 Projects, Because Who Needs Sanity Anyway?

A  illustration depicts a hellfire-filled landscape with flames engulfing Web3 startup logos and broken blockchain pieces scattered around. A giant hammer-wielding figure, resembling a crypto bro, stands at the center, surrounded by shattered screens displaying failed DeFi projects and GameFi games in ruins.

Venture capital firms Gate Ventures and Boon Ventures are throwing their weight behind a new Web3 startup fund – but don’t expect them to be giving away free money like it’s going out of style (because let’s face it, they’re not). According to the latest announcement from Oct. 13th, these two outfits have joined forces with Movement Labs for an eye-watering $20 million investment in Move-based protocols and Ethereum-compatible projects – aka all the crypto bros’ favorite thing since sliced bread.

Source: cointelegraph

Venture capital firms Gate Ventures and Boon Ventures announced a partnership with Movement Labs for a new $20 million fund dedicated to Web3 startups.  According to an Oct. 13 announcement, the fund targets the development of Move-based protocols, especially projects bridging the Move network with Ethereum-compatible (EVM) applications.  “The fund will invest across a range of Web3 verticals within the Move ecosystem,” a spokesperson for Gate Ventures, the investment arm […]

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