Cryptomeria Capital to raise $50 million for its Web3 venture fund

According to Mpost's report, Cryptomeria Capital has announced the launch of a new Web3 venture capital fund and plans to raise $50 million. European technology investment company Axon Partners Group is participating in the fund, which is receiving donations from numerous traditional investors and Web3 stakeholders, institutional entities, and family offices from the European Union, the Middle East, and Asia.Currently, Cryptomeria Capital has multiple Web3 investment portfolios, including synthetic asset protocol Kalata, zkRollup network Intmax, sociaL trading platform Tradelize, metaverse NFT marketplace MetaMundo, Layer 2+ DAO base protocol Metis, and more.