• bitcoinBitcoin$70,330.000.22%
  • ethereumEthereum$3,571.66-0.27%
  • elrond-erd-2MultiversX$61.00-1.77%

Bessemer Has Committed $250M to Web3

Bessemer Venture Partners has confirmed it committed $250 million in capital from already existing funds in order to invest in Web 3 projects from three areas: consumer DeFi, infrastructure, and other “enabling technologies.”

Bessemer was founded more than 100 years ago as a family company and, in the meantime, it has become an important investor in the consumer, health care, and enterprise industries. It has previously invested in important names such as Pinterest, LinkedIn, and Shopify.

The team declared:

“It’s clear that we’re now at the onset of the next seismic shift: a new iteration of the web built on blockchain technology. Web 3 is an ecosystem that we believe has several decades of transformation ahead of it, and one we’re passionate about partnering with the most talented founders forging this new future.”

Furthermore, the company has created BessemerDAO, a Web 3 community for operators, creators, and founders, meant to help members of the crypto community get in touch with each other in order to talk business development, tokenomics, and any other ideas. For now, the effort won’t be decentralized, as the partners of Bessmer will be the ones making decisions for the DAO.

Previous articleNext article

Leave a Reply

Your email address will not be published. Required fields are marked *