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Crypto and Laws
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LongHash Ventures, one of the top venture funds for Asian web3 startups, announced a new $100 million fund on Wednesday. LongHash Ventures Fund II was funded by Hashkey Capital, NGC Ventures, Protocol Labs, Gnosis Safe and MEXC among others, according to a release. LongHash hopes its second fund will be $100 million in size, but CEO Emma Cui told TechCrunch that it has not yet raised the full amount. LongHash Ventures Fund II will finance web3 projects from pre-seed to Series A stage, with a focus on those building out multi-chain infrastructure for decentralized finance, non-fungible tokens, blockchain-based gaming and the metaverse.
