CEO of Mysten Labs: The upcoming Web3 fund will not be limited to investing in Sui Ecology
According to reports, Evan Cheng, co-founder and CEO of Mysten Labs, confirmed on The Scoop Podcast that he was exploring a web3 venture fund. Evan Cheng said that there are many web3 funds, but investors are looking for things that are not limited to specific ecosystems and are very consistent with LPs, and also get the support of people who really understand web3 technology and products fundamentally. In addition, Evan Cheng also said that the fund would not only invest in Sui Ecology.
Interpretation of this information:
The co-founder and CEO of Mysten Labs, Evan Cheng, recently spoke on The Scoop Podcast, revealing that he is currently exploring the possibility of starting a venture fund that focuses on web3 technology. This news comes as no surprise, given the recent surge in interest surrounding decentralized web technologies and infrastructure.
Cheng explained that while there are a number of web3 funds currently available, investors are seeking options that are not limited to specific ecosystems. They are also looking for opportunities that are consistent with LPs, and that receive support from those who truly understand web3 technology and its products. By creating a venture fund that aligns with these criteria, Cheng believes that he can help push the industry further and invest in the right technologies and projects.
However, he also made it clear that the fund would not be limited only to investments in the Sui Ecology. This means that the fund will be open to a wider range of projects and technologies than what has been explored thus far.
In summary, Evan Cheng is exploring the possibility of creating a venture fund that invests in web3 technology. He believes that investors are interested in opportunities that are not limited to specific ecosystems and that receive support from those who truly understand the technology. The fund will not be limited to Sui Ecology investments and will be open to a wider range of projects and technologies.
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