Crypto venture MetaWeb has raised $30 million in its first fund and has invested in more than 30 startups

MetaWeb Ventures, a venture capital firm focused on crypto startups, has raised $30 million for its first fund, according to CoinDesk. It is backed by Sequoia Capital, Dragonfly Capital, NEAR Foundation, and others. The fund will primarily invest in decentralized social media, DeFi, chain games and DAOs. MetaWeb said the fund, which operates in stealth mode over the past few months, has invested in more than 30 startups, including the decentralized trading protocol Orderly Network. MetaWeb Ventures was founded as an ecosystem fund for NEAR Protocol.