Evan Cheng Confirms Plans to Explore Web3 Venture Fund
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 …
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.
CEO of Mysten Labs: The upcoming Web3 fund will not be limited to investing in Sui Ecology
Interpretation of the news:
In the world of blockchain technology, the concept of Web3 has been generating a lot of buzz lately. And, it seems that Evan Cheng, co-founder and CEO of Mysten Labs, is not one to ignore this trend. According to reports, he recently confirmed on The Scoop Podcast that he was exploring the possibility of establishing a Web3 venture fund.
In his announcement, Evan Cheng acknowledged that there are already many Web3 funds in existence. However, he added that these funds tend to be limited to specific ecosystems, which is not what investors are looking for. What they really want is a fund that is more consistent with their LPs and is backed by experts who deeply understand Web3 technology and products. Evan Cheng believes that his proposed venture fund would be able to offer just that.
Interestingly, Evan Cheng clarified that his fund will not just focus on investing in Sui Ecology. Instead, it will be more diversified, and will look for opportunities in various areas of the Web3 landscape. This indicates that the fund will not be limited to any one specific niche or segment of the blockchain industry, but will instead serve as a general-purpose investment vehicle for any promising Web3-related project.
Overall, Evan Cheng’s announcement of his plans to explore a Web3 venture fund is a positive sign for the blockchain industry. The fact that he is considering launching such a fund indicates that there is a growing interest in Web3, and that there is a potential for significant growth in this space. Furthermore, his eagerness to find new opportunities beyond Sui Ecology shows that he understands the multifaceted nature of Web3, and is not constrained by any particular mindset or vision.
In conclusion, Evan Cheng’s announcement of his Web3 venture fund is a significant development in the blockchain industry. It represents a positive step towards greater diversity and innovation in the Web3 space, and provides a source of hope for entrepreneurs and investors alike.
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