Cryptos-exchange raised $60 million to invest in web3 projects

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Crypto Regulation
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Cryptos-Exchange has raised $60 million for a Web 3.0-focused investment fund.

The subscription volume exceeded the planned $50 million, the firm noted. This is the fourth fundraiser for it, bringing its invested capital to $120 million.

"We are expanding our areas of interest by deepening our familiarity with Web 3.0, a new platform for creativity, coexistence and, of course, entrepreneurship," the statement said.

With the new fund, Cryptos-Exchange intends to support 20-25 companies within a few years, mostly in Europe and selectively in North America.

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Graeme Massie

Graeme is a graduate of Mass Communication and Media Studies. He joined the blockchain movement in 2016 when a friend of his introduced him to an investment platform accepting bitcoin. He has never looked back since then. Graeme believes the world needs real change and freedom from poverty. He sees crypto and the underlying distributed ledger technology as the catalyst to a better future for all.