RWA News
GnosisDAO Launches $40M Venture Fund to Back RWA, DeFi Infrastructure Projects
AR
Nov 18, 2024
Image Credit - Midjourney.com
Introduction
GnosisDAO, the decentralized autonomous organization powering the Gnosis Chain, has taken a significant step towards accelerating the growth of the blockchain ecosystem. The DAO recently approved a proposal to launch the GnosisVC Ecosystem, a $40 million venture fund aimed at supporting early-stage projects in key areas aligned with its Gnosis 3.0 thesis.
The fund will be split evenly between a $20 million contribution from GnosisDAO and an additional $20 million from external limited partners (LPs). Its investment focus will center around projects working on the tokenization of real-world assets (RWA), decentralized infrastructure solutions, and financial payment rails.
Targeted Investment Strategy Aligned with Gnosis 3.0 Vision
According to Gnosis co-founder Stefan George, the GnosisVC team has been carefully composed to bring together diverse expertise spanning investments, legal structuring, fund management, quantitative modeling, and deep knowledge of both traditional finance and DeFi. This strategic assembly positions the fund to execute a targeted investment approach in line with the recently introduced Gnosis 3.0 thesis.
The updated thesis emphasizes a focus on infrastructure development across areas such as node infrastructure, artificial intelligence, decentralized computing and storage, and payment middleware solutions like Gnosis Pay. By investing in projects that align with these priorities, GnosisVC aims to address key demands and gaps in the current Web3 landscape.
Initial Portfolio Spans Fiat Infrastructure, AI, and Stablecoins
At its launch, GnosisVC's portfolio already includes promising projects tackling critical infrastructure needs. Monerium, for instance, is building an onchain fiat infrastructure to support Web3 builders. Naptha AI is developing a decentralized platform for AI workflows, while Schuman Financial is working on a MiCA-compliant stablecoin protocol.
These initial investments reflect the fund's commitment to backing innovative solutions that can accelerate the adoption and scalability of decentralized technologies. Building on Gnosis' track record of investing in over 60 startups since 2019, GnosisVC is well-positioned to identify and support high-potential projects in the space.
Bolstering the Growing Gnosis Ecosystem
The launch of GnosisVC marks another milestone in the evolution of the Gnosis ecosystem. Since its inception in 2015 as an Ethereum-based prediction market platform, Gnosis has expanded into a range of financial infrastructure solutions. Its ecosystem now encompasses projects like the popular Gnosis Safe multisig wallet (now rebranded as Safe) and the Gnosis Chain itself, which currently holds over $267 million in total value locked (TVL) according to data from DefiLlama.
By establishing a dedicated venture fund, GnosisDAO is doubling down on its commitment to fostering the growth of decentralized technologies and supporting the builders shaping the future of Web3. As more capital flows into the space, initiatives like GnosisVC will play a crucial role in identifying and nurturing the projects that will drive the next wave of blockchain innovation.