Share this article
Investment Firm Lemniscap Raises $70M Fund Targeting Early Stage Web3 Projects
Lemniscap is targeting zero-knowledge infrastructure, consumer applications and decentralized physical infrastructure (DePIN).
Aug 28, 2024, 1:00 p.m.
Make us preferred on Google
- The fund's focus will be on projects in the Bitcoin ecosystem, reflecting a trend in the last 18 months, whereby developers have sought to introduce utility to the world's oldest blockchain network.
- The fund is anchored by Accolade Partners, a New York-based venture capital firm, which raised over $1 billion for three funds earlier this year.
Lemniscap, a Cayman Islands-headquartered investment firm, said it raised a $70 million fund to back early stage Web3 projects.
The fund will focus on projects in the Bitcoin ecosystem, reflecting a trend of the past 18 months, whereby developers have sought to introduce to the world's oldest blockchain utility that is more commonly associated with the likes of the Ethereum network.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Lemniscap is targeting zero-knowledge infrastructure, consumer applications and decentralized physical infrastructure (DePIN), according to an emailed announcement on Wednesday.
The fund is anchored by Accolade Partners, a New York-based venture capital firm, which raised over $1 billion for three funds earlier this year.
Lemniscap has previously made over 130 investments, often in the role of a follow-on investor, including into blockchain networks Avalanche, The Graph and Axelar.
Read More: Avalanche Becomes Latest Blockchain to Support Franklin Templeton's Tokenized Money Market Fund
Higit pang Para sa Iyo
Bitcoin layer-2 builders pitch BTCFi as the next institutional unlock
Leaders from Citrea, Rootstock Labs and BlockSpaceForce argued that bitcoin’s scaling layers are less about throughput and more about turning the asset into a programmable financial base layer.
Ano ang dapat malaman:
- Bitcoin layer-2 builders made the case on Thursday that the next phase of crypto’s evolution won’t be about replacing bitcoin as “digital gold,” but making it productive.
- Speaking at Consensus Hong Kong 2026, leaders from Citrea, Rootstock Labs and investment firm BlockSpaceForce argued that Bitcoin’s scaling layers are less about raw throughput and more about turning the world’s largest cryptocurrency into a programmable financial base layer.
Top Stories
