Crypto Oasis has identified over 1,650 blockchain organisations in the country at the end of the last quarter of 2022
metaverse1 year ago
TradeDog Group — the parent company of TD VC — announced the launch of their $100-million Web3 ‘special situation’ fund, which comes with a GP commitment of $10 million.
The fund will be used to re-structure and invest in projects with good products and businesses but struggling token markets.
This strategic move is a reflection of the commitment of TradeDog Group to web3 technology and blockchain-based applications. It paves a path for funding web3 initiatives that aim to make web-based services powered by blockchain better and more accessible.
TradeDog will leverage its following of more than 3 million traders and investors to build an active community for the portfolio of TD VC Fund 2, while TradeDog Market Management (TDMM) will be useful to execute sophisticated strategies in live markets (exchanges and DEXs), if required.
TD VC is a multi-strategy fund with a portion allocated to a flagship strategy called “special situations investment”.
Through this, TD VC will provide crypto businesses with tailored injections of capital based on the requirements of the token. The thematic fund will primarily invest in companies with strong fundamental businesses but whose token markets are underperforming.
TD VC’s goal is to support the long-term growth of the digital ecosystem while maximising risk-adjusted returns for investors, all underpinned by an emphasis on value, downside protection, and upside optionality.
ALSO READ:
As the fund’s strategic partner, TDeFi will leverage its successful track record as a blockchain startup incubator and support TD VC with a range of deal flow and advisory services.
Rupesh Pednekar will be leading the operations for the fund. He is a partner and a seasoned strategic business leader who will bring his experience in building and growing startups on board as well as extensive technology and institutional financial experience.
“There has been a massive influx of talent from Web2 to Web3, and at TD VC, we are looking to leverage that and bring about more adoption. There are a plethora of use cases for Web3 technologies and it is changing how value and equity are distributed. We aim to be a catalyst for innovation and believe our funding models will empower creators and disruptors in the web3 space to revolutionize the existing multi-layered blockchain ecosystem," Pednekar said.
TD VC’s fund will invest in promising young companies and support the limitless possibilities of Web3 tech, allowing entrepreneurs to bring forth innovative projects offering actual value in building the Internet on blockchain. TD VC believes the crypto industry must keep volatile markets from getting in the way of innovation driving mass adoption.
Crypto Oasis has identified over 1,650 blockchain organisations in the country at the end of the last quarter of 2022
metaverse1 year ago
Strategy aims to add $4 billion to GDP, support creation of 40,000 virtual jobs, attract 1,000 technology companies to the emirate
metaverse1 year ago
It is important to educate ourselves and make sure the metaverse is 'open and transparent, and not owned by few,' Dr. Mark van Rijmenam asserts
metaverse1 year ago
More than 120 speakers will participate in the conference across four stages in over 60 sessions
metaverse1 year ago
Adnan M Kashwani says that it will enhance the workplace experience, transform the future of work, and raise new questions to be answered
metaverse1 year ago
This initiative is aimed at connecting people globally and cutting the costs that entrepreneurs have to face when doing an on-site event
metaverse2 years ago
The centre is open to the public from Saturday to Thursday and the experience also includes innovative shows using drones and hologram technology
metaverse2 years ago
Facebook parent Meta is spending billions of dollars each year to build what it sees as the next evolution of social computing. New York Times technology reporter Kashmir Hill spent two months in this immersive, three-dimensional world to find out why
metaverse2 years ago