New $20M Fund Targets Blockchain Gaming and NFTs

A group of investors specializing in cryptocurrency ventures has launched a $20 million fund aimed at investing in undervalued Web3 projects and companies that are concentrating on blockchain gaming and digital collectibles.

Alpha Protocol Ventures (APV) plans to explore a diverse range of projects within the Web3 ecosystem. In an email interview, CEO and founder Vagelis Diamantis shared that gaming and collectibles will be the primary focus, although the fund will also consider decentralized finance, as well as layer-1 and layer-2 protocols for its capital distribution.