$400M Web3 investment fund ABCDE halts new investments, fundraising

Web3 Fund ABCDE Halts New Investments to Focus on Existing Portfolio

ABCDE, a major Web3 and blockchain-focused investment fund, announced it will stop making new investments and halt fundraising for its second phase. The $400 million fund will instead concentrate on supporting its current portfolio of projects while its co-founder shifts attention to a new crypto incubator called Vernal.Du Jun, ABCDE co-founder and Huobi exchange founder, made the announcement on April 19 via X. He confirmed the fund will contin…

Web3 investment fund ABCDE pauses new investments and fundraising, with $400 million in assets under management

The $400 million Web3 investment fund, ABCDE, has decided to pause its investments and fundraising activities, according to reports. The firm, known for its strategic investments in various Web3 projects, cited market conditions and internal restructuring as reasons for this decision. Web3, a term used to describe the next generation of the internet focusing on decentralized applications and blockchain technology, has garnered significant attent…

$400M Web3 investment fund ABCDE halts new investments, fundraising - WorldNL Magazine

Web3 and blockchain-focused investment fund ABCDE is halting new investments, but the $400 million fund remains committed to supporting its existing projects.In an April 19 X post, ABCDE co-founder and Huobi exchange founder Du Jun said the $400 million fund will no longer invest in new projects or raise capital for the second phase of the fund.However, Jun said the fund will continue to “post-investment support and exit arrangements of existing…

$400M Web3 investment fund ABCDE halts new investments, fundraising - Invest In Crypto News

Web3 and blockchain-focused investment fund ABCDE is halting new investments, but the $400 million fund remains committed to supporting its existing projects. In an April 19 X post, ABCDE co-founder and Huobi exchange founder Du Jun said the $400 million fund will no longer invest in new projects or raise capital for the second phase of the fund. However, Jun said the fund will continue to “post-investment support and exit arrangements of existi…

Strategic Pivot: China's ABCDE Fund Halts New Web3 Investments Amid Market Shift

The cryptocurrency world is known for its rapid shifts and strategic realignments. Recently, a significant player in the Web3 investment space, China-based ABCDE, announced a notable change in direction. Are you curious about what this means for the future of Web3 and crypto investments, particularly in the Chinese market? Let’s dive into the details of ABCDE’s recent announcement and understand the potential ripples across the digital asset lan…

400 millions de dollars WEB3 Fonds d'investissement ABCDE interrompre les nouveaux investissements, collecte de fonds - La Crypto Monnaie · Cardano Feed

Le Fonds d'investissement axé sur WEB3 et Blockchain ABCDE interrompt les nouveaux investissements, mais le fonds de 400 millions de dollars reste déterminé à soutenir ses projets existants.Dans un poste du...