MoonPay creates MoonPay Ventures to invest in web3 gaming and infrastructure
Web3 infrastructure firm MoonPay branches off to create MoonPay Ventures, which will direct the firm to invest in web3 infrastructure and gaming. MoonPay, a web3 infrastructure firm, has launched an investment division named MoonPay Ventures. This new branch aims to focus on nurturing early-stage startups specializing in web3 technology, gaming, and closely related fintech sectors. The news comes as the company acknowledges the increasing significance of web3 and its role as a catalyst in the emerging digital ecosystem. / Today, we unveil MoonPay Ventures! Our invest ment arm is committed to MoonPay’s mission – forging vital infrastructure for leading wallets, exchanges, and brands – all accelerating Web3 adoption pic.twitter.com/DcDevCLLdw — MoonPay 🟣 (@moonpay) August 29, 2023 MoonPay Ventures plans to invest sums ranging from $100,000 to $1 million, primarily in seed and Series A funding rounds. Abhay Mavalankar, the vice president of corporate development...