New web3 and AI venture fund launches with $60 million in capital

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New web3 and AI venture fund launches with $60 million in capital
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Oak Grove Ventures has launched with $60 million in capital to invest in early-stage web3, AI and biotechnology startups.

The fund, founded by Alchemy Pay’s Shawn Shi, will invest in early-stage web3, AI and biotechnology startups.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Oak Grove Ventures, a new venture capital fund, has been launched to invest in early-stage web3, artificial intelligence and biotechnology startups.

The fund's technical partners are Ethan Wang, former tech lead of Libra , and Rongjian Lan, former co-founder and CTO of Harmony, and its technical advisor is Michael Li, former vice president of Coinbase, Wang said.previously invested in funds "A bear market often signifies that asset prices have reached a low point, sometimes even undervalued levels, presenting an optimal time to buy in," Wang said."History has shown that many of the most successful investments were made during challenging market conditions."

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