MoonPay established a venture capital department to invest in Web3 infrastructure, games and other fields

Odaily Planet Daily News Web3 infrastructure company MoonPay has established an investment arm that will focus on early-stage startups in the Web3, gaming and related financial technology fields. The investment unit is called MoonPay Ventures, and the investment scale is mainly from 100,000 to 1 million US dollars, targeting seed and A rounds of financing. Abhay Mavalankar, vice president of corporate development and investment at MoonPay, said the fund has invested in more than 25 companies, including BCB Group, Ledger, BRUT, BeatClub, absolute labs, Create/OS, BridgeTower Capital and Mythical Games. (TechCrunch)