The NEAR protocol will be the core of the fund, which will start at $50 million and have a target of $100 million.
The capital of the fund is intended for investments in companies in the Web3 market. The first funds are going to be invested in a laboratory that will work with creators, talents and franchise owners to develop, validate, test and build next-generation Internet platforms.
Caerus Ventures CEO (Near Foundation Partner) Nathan Pillai
declaredthat the investment company aims to drive innovation in Web3, with a focus on sports, music, film, fashion and the arts.
“I believe that intellectual property creators should have a fairer share of their creations, so there should be a separation between creators and fans,” Pillai said.
He added that the company is now considering investing in a music streaming service that will allow users to invest in the artist’s success:
“We want to focus on how to deepen engagement and reward people who spend a lot of time and money on entertainment.”
Near Foundation CEO Marieke Flament explained that the foundation chose Caerus because its values align with those of NEAR:
“We are both trying to reinvent what it means to be a creator. They have a unique differentiated offering and a solid investment thesis based on entertainment tokenization.”
DappRadar recently reported that investment in blockchain games in August increased by 135% compared to July to $750 million.
Source: Bits
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