.redbeardvc closed a $25M funding round aimed at accelerating the adoption of Web3 technologies. The fund also supports the launch of a tokenomics accelerator program called Denarii Labs. rosieperper reports
and data aggregator CryptoSlam, deploying more than $40 million in capital. The company has found success in Web3, though it also invests in projects related to space exploration, climate science, robotics, AI, fintech and biotech.
The goal of the new fund is to interact with early-stage projects in the areas of decentralized protocols, novel blockchain technology, decentralized finance and Web3 gaming infrastructure, which Austin believes will be the"accelerant" for mass adoption.
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