Web3 venture capital firm Red Beard Ventures has closed a $25 million funding round with investment from prominent Web3 players including a16z’s Marc Andreessen and Chris Dixon, Web3 gaming giant Animoca Brands, non-fungible token (NFT) platform SuperRare and others.
The fresh funding round is aimed at accelerating the adoption of Web3 technologies and supports the launch of a tokenomics accelerator program called Denarii Labs, a joint initiative with Horizen Labs Ventures. This program will focus on advisory services, weekly educational sessions, mentorship, launch support and more for those launching token projects.
The accelerator is currently accepting applications for its inaugural cohort, slated to begin the third quarter of this
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