The crypto winter and increased lawmaker and regulatory scrutiny put the digital asset space and Web3 into the spotlight in 2022. Fraudulent activity and bankruptcies contributed to a pullback in the mainstream interest and investment in Web3. Iceberg Capital aims to change the dynamic.
Going into 2023, mainstream players and investment funds see an enticing opportunity to refocus attention and redirect funds to the Web 3 space.
Iceberg Capital Announces Everscale Partnership
In January, Abu Dhabi investment fund manager Iceberg Capital announced a strategic alliance with Everscale. Iceberg Capital manages Venom Ventures Fund, a Web3 and blockchain innovation fund. The partnership will empower Everscale, a premier blockchain, to solve scalability issues that have impeded growth across the Web3 space.
Venom Ventures Fund will invest $5 million in Everscale. Everscale will…
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