Non-profit organization NEAR Foundation has launched a $100 million fund and a venture lab for the Web3 segment.
The partner of the new structure is the Swiss investment firm Caerus Ventures, which is is focused on driving innovation in Web3.
According to the NEAR Foundation:
“The lab will offer cross-functional project support and will be supported by consulting partners who will be named by the end of the year.”
The initial size of the fund will be $50 million. According to the statement, the target amount of $100 million will be raised during funding rounds.
