News Explorer — Lemniscap Secures $70 Million in Funding to Back Early Stage Crypto Projects

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Aug 28, 1:00 pm

Coindesk

Lemniscap Secures $70 Million in Funding to Back Early Stage Crypto Projects

Lemniscap, an investment firm based in the Cayman Islands, has raised a $70 million fund to support early stage Web3 projects. The fund will primarily focus on projects within the Bitcoin ecosystem, as developers have been exploring ways to enhance the functionality of the blockchain. Lemniscap's investment targets include zero-knowledge infrastructure, consumer applications, and decentralized physical infrastructure.

Lemniscap, an investment firm based in the Cayman Islands, has raised a $70 million fund to support early stage Web3 projects. The fund will primarily focus on projects within the Bitcoin ecosystem, as developers have been exploring ways to enhance the functionality of the blockchain. Lemniscap's investment targets include zero-knowledge infrastructure, consumer applications, and decentralized physical infrastructure.

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