GnosisDAO, a leading distributed autonomous company, has authorized the opening of a new $40 million venture fund to support blockchain technology developments. Named the GnosisVC Ecosystem Fund, this project will concentrate on funding early-stage businesses aiming for real-world asset tokenization, establishing distributed infrastructure, and creating blockchain-based novel payment systems.
According to the company’s disclosure on October 23, GnosisDAO will directly contribute half of this $40 million fund, with the remaining sum coming from other investors. Stefan George, co-founder of GnosisDAO, said the fund’s new strategy shows a well-rounded team of experts knowledgeable in areas like investing, legal structure, hedge fund quantitative modeling, and distributed finance (DeFi). The new venture approach corresponds with the latest Gnosis 3.0 upgrade of GnosisDAO, which stresses a focus on the development of blockchain infrastructure and payment networks.
Started with already-existing funds, GnosisVC Ecosystem has supported numerous intriguing initiatives. Among these are Naptha AI, a distributed platform for artificial intelligence applications; Monerium, a blockchain-based fiat infrastructure provider for Web3 developers; and Schuman Financial, a stablecoin protocol complying with the European Union’s Markets in Crypto-Assets (MiCA) rules. These businesses represent GnosisDAO’s dedication to furthering blockchain’s importance in infrastructure and financial technologies.
Beginning in 2015, GnosisDAO started off as an Ethereum-based prediction market platform. Since then, it has developed to provide other financial services, including Gnosis Pay and the well-known Gnosis Safe multisig wallet, now under Safe rebranding. With approximately $267 million in total assets right now, the Gnosis Chain shows the expansion of the ecosystem and attractiveness to entrepreneurs looking for infrastructure and capital as well as Web3 engineers.
Other ecosystems have also adopted the concept of specific funding to assist blockchain developments. Bitget and Foresight Ventures launched a $20 million fund to support initiatives within the TON ecosystem earlier this year, and in September, MEXC Ventures joined Foresight and Mirana Ventures in forming a fund to grow the Aptos ecosystem. GnosisDAO is positioning itself with the GnosisVC Ecosystem Fund as a catalyst for blockchain developments across several real-world uses.
