• Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics
Subscribe
  • Login
  • Register
No Result
View All Result
  • Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics
No Result
View All Result
No Result
View All Result

OpenSea Investor gCC Raises $110 Million

30/03/2022 15:25
No comments
gumi Cryptos Capital (gCC)

gumi Cryptos Capital (gCC), a blockchain-focused venture capital firm that invested in OpenSea and other entities, has raised $110 million for their gCC Fund II.

That follows exceptional performance for their gCC Fund I which grew from $21M to $516M in asset value, gaining a 24.6x Return on Capital Employed, the company said.

“We live in the Experimental Age. The existing institutions and infrastructure including social infrastructure, governance, financial services and big tech are demonstrably failing us.

Because the way forward is unknown, there’s a strong appetite for experimentation,” Miko Matsumura, gCC Managing Partner, said before adding:

“Tokens represent monetary experimentation powering Web3, DAOs and guilds are governance experiments.

Avatars represent ‘personality experiments’ whether backed by individuals, bots or groups. NFTs are experimental digital assets. The Metaverse is a collection of experimental realities.”

They’re looking to fund between $500,000 to $5 million “projects, DAOs, guilds, apps, games, and protocols at any layer at the earliest stage and is chain-agnostic.”

“Our approach for this fund will be ‘thinking ahead’. We develop advanced thinking across the blockchain space,” said Rui Zhang, another Managing Partner, adding:

“We’re looking for exceptional ‘gumicorn’ founders in advanced subsectors that have the potential to be sector leaders and disrupt global industries.”

The team (pictured) manages a portfolio from Silicon Valley and Japan of 36 companies, including OpenSea, Yield Guild Gaming, Celsius Networks, 1Inch Network, Qredo, Agoric, VEGA protocol and Astar.

For OpenSea they were lead investors in the “strategic seed round,” scoring big as NFTs have taken off.

They’re now looking to emulate that success, with this raise being another sign that big money is starting to move again in the crypto space after a three months hiatus.

Related Posts

Gas prices, June 2022

Gas Falling Below $6

Ethereum's price on weekly candles, June 2022

Ethereum Finally Closes Green

Lido Votes Against Limiting Staking

Defi Dapps DNS Attacked

Load More
  • Trending
  • Comments
  • Latest
Grayscale's Bitcoin Trust price, June 2022

Grayscale’s Bitcoin Price Falls to $12,000

Ethereum longs, June 2022

Ethereum Longs Spike

Defi dapps DNS hijacked, June 2022

Defi Dapps DNS Attacked

Bitcoin's price and mining costs, June 2022

Bitcoin’s Price Falls Below Cost of Production

Gas prices, June 2022

Gas Falling Below $6

Ethereum's price on weekly candles, June 2022

Ethereum Finally Closes Green

Lido Staking Share, June 2022

Lido Votes Against Limiting Staking

Defi dapps DNS hijacked, June 2022

Defi Dapps DNS Attacked

Comments

Latest News

  • Gas Falling Below $6
  • Ethereum Finally Closes Green
  • Lido Votes Against Limiting Staking

About Trustnodes

Terms of Service

Privacy Policy

Our Ethics and Values

Trustnodes Newsletter

Trustnodes © 2017-2022. All Rights Fully Reserved. For any Enquiries contact@trustnodes.com RSS Feed

No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics

Trustnodes © 2017-2022. All Rights Fully Reserved. For any Enquiries contact@trustnodes.com RSS Feed

Welcome Back!

Login to your account below

Authenticate with MetaMask Loading...

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?