The decentralized aspect of the crypto world allowed the creation of many different NFT or crypto-oriented projects with the minimum investment needed to start. However, most of these projects fail to deliver what they promise or plan to rug pull their investors from the start.
But if projects start with enough capital, marketing partners, and Venture Capitals (VCs) to support them, there’s a much higher chance to succeed. Let’s have a look at the TOP 3 VCs in the crypto space that provide the best resources to start your own project.
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- Animoca Brands
Animoca Brands is number one on this list because it’s probably the biggest and most popular VC crypto fund in the world right now. Animoca Brands has a growing portfolio of more than 150 investments in NFT/crypto-related companies and decentralized projects that are contributing to building the open metaverse, including Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild Games, Harmony, Alien Worlds, Star Atlas, and many others.
The Sandbox’s parent company, Animoca Brands, has partnered with venture accelerator Brinc to launch its Guild Accelerator Program and expand the global Play-To-Earn (P2E) ecosystem. The two companies will provide a total investment of up to $30 million over the next two years in increments of $500,000 or less for each early-stage group accepted into its program.
The program of Animoca Brands aims to help millions of people globally generate income by participating in the P2E gaming world through crypto gaming. Priority will go to applicants committed to sustainability, including projects that “support and give back to player/scholar communities, place emphasis on energy-efficient proof-of-stake (PoS) protocols and side chains, and have lower overall physical footprints.”
2. Anti Fund
Anti Fund is a quickly growing VC fund founded by Geoffrey Woo and Jake Paul. Jake is an investor, entertainer, and professional boxer. He is in a list of TOP 5 global creators and media moguls with over 7 billion views across his digitally owned and operated channels. Jake is one of the most searched people on Google for the past 3 years and has generated hundreds of millions in revenue through merchandise, branded content, and PPV buys.
Geoffrey is an investor, entrepreneur, inventor, and scientist. He is a co-founder & executive chairman of H.V.M.N. which is a company backed by top VCs including Andreessen Horowitz and featured on Netflix, NYT, WSJ, etc. before H.V.M.N., Geoffrey co-founded and sold his first company Glassmap, a mobile app backed by YC, to Groupon at the age of 24.
Paul relatedly wants to ensure his fans that he can get involved if they like. “I have followers for many different reasons, and they want to be involved in what I’m doing. If they’re involved in our fund, then that’s more people rooting for us and our portfolio companies to win. We almost create this army that’s pushing all of these companies forward.”
As for check sizes, Anti Fund plans to invest between $100,000 and $1 million in one to two startups every quarter. The goal, says Paul, is to be the “biggest rolling fund on AngelList,” investing “around $10 million to $20 million a year.”
3. BlackSwan DAO
BlackSwan DAO is a Venture Capital from Dubai with deep roots and connections from all over the world, cooperating with the best influencers. BlackSwan DAO maintains its primary focus on early investments regarding Metaverse, NFT, and Web3 products of the future. The goal of BlackSwan DAO is to start a change in the general perception of cryptocurrencies in modern society.
While Animoca Brands and Anti Fund got recognized a while ago, BlackSwan DAO is gaining popularity in 2022 and became the hottest VC in the game. They are onboarding the most promising projects in the crypto space right now. BlackSwan DAO entered the crypto space in 2016 and has financed a fully functioning ecosystem of products that includes a marketplace, wallet and next-gen metaverse projects.
The BlackSwan DAO team members took part in international projects numerous times over the past few years, and are aware of the flaws, perks, and predispositions of this space. They help their projects to establish an honest connection between users and a brand, which is one of the most crucial factors to success. They have extensive experience in this field and are aware of its pros and cons.
BlackSwan DAO promises to guide its partners through the wilderness with proven market methods. They offer leadership, extremely valuable know-how, advisory, and an experienced team of professionals in terms of marketing and business opportunities.
The goal of BlackSwan DAO is to teach its startups how to become highly valued entities and point them in the right direction. The crypto space allowed the creation of many new ideas that attract talents and a lot of capital. BlackSwan DAO successfully invested in several crypto companies, such as Ultra, Orion Protocol, Victoria VR, Crypto Citizen and many others.
VCs are important of the crypto/NFT space, where people with great ideas can establish their presence in a big way if VCs decide to take them under their wings. VCs help in many ways and it’s important to be with the right ones or the biggest ones as they provide the biggest capital, network and possibilities.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.