Infinity Ventures Crypto Raises $70 Million Funding Seed to Empower web3 and DeFi Firms

Infinity Ventures Crypto, a Taipei-based Web 3 investor, announced on Tuesday that it has raised $70 million from investment firms, including Circle, Digital Currency Group (DCG) and Animoca Brands.

Infinity Ventures disclosed that it plans to use the fresh funding to deploy startups in North American, South American and Asian markets in its first fund deal. Additionally, the crypto firm elaborated that it intends to use the funds to develop and accelerate the growth of decentralized finance (DeFi), global GameFi and Web3 innovations with the aim of bridging the gap between the markets in the West and East, especially in Southeast Asia.

Brian Lu, a partner at Infinity Ventures Crypto, said: “As a bridge between the East and West, we take a boots-on-the-ground approach by assembling teams of local experts to stoke the growth of our portfolio companies. We're proud to be off to a fast start and are excited to share our expertise with more innovators.”

Lu mentioned that the funding is oversubscribed, but the company does not want it to grow too big because Web 3 firms look for smaller rounds. He highlighted that Web 3 companies normally look to raise only $1 million or less, and the average size of the funds could be in the range of $250,000.

Lu said that Infinity Ventures has already deployed 30% of the funds and has completed 80 deals.Established in August 2021, Infinity Ventures has already injected funds and its expertise into 78 portfolio companies. The company aims to leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term its global network to empower blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term startups across the world, including those in the US, Taiwan, Southeast Asia, Japan and others.

Empowering Web 3.0, DeFi Mass Adoption

As highlighted above, Infinity Ventures Crypto is working on bringing Web3 and decentralized finance to higher levels. Further, funding launches are under its belt to tap the potential surrounding Web3.0, metaverse and DeFi, while applications and infrastructure projects it sees as key investable sectors.

2021 was a landmark year for the Web 3.0 ecosystem and the global digital asset market. It was the year when digital assets emerged as one of the hottest alternative investments. Coinbase, the biggest US crypto exchange, made its public market debut on the Nasdaq in April last year. It was a breakthrough for digital assets investors as well as the emergence of the Metaverse, Web3, NFTs and GameFi innovations.