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CoinFund Announces $300M Web3 Venture Fund

Coinbase Global, Inc. has introduced multiple Web3 products, including a decentralized app (DApp), decentralized finance (DeFi) wallet, and a browser for a restricted group of its mobile app customers.

For a select group of Coinbase mobile app customers, Web3 application functionality, including a hot wallet and browser, has been rolled out. These users will be able to use the app to access Ethereum-based DApps like Uniswap and OpenSea.

Web3 is a decentralized version of the internet that uses blockchain-based technologies. Blockchain developers, machine learning specialists, app developers, front-end and back-end developers, user interface (UI) and user experience (UX) designers, data analytics professionals, and content writers are all needed by companies that want to develop apps and Web3 platforms.

 

David Pakman, managing partner and head of the venture investing at CoinFund, stated that the $300 Million fund will invest in crypto projects and firms that focus on layer-1 blockchains, DeFi, web3 infrastructure, asset management, exchanges, marketplaces, NFTs, gaming, payments, and dapps.

 

Robinhood To Add Web3 Wallet for NFTs, in addition to existing crypto wallet










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