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True Global Ventures is betting big on Web3. best crypto currency app

16-Jun-2022 By: Rohit Tripathi
True Global Ventures

True Global Ventures is betting big on Web3.  best crypto currency app

True Global Ventures 4 Plus (TGV4 Plus), a venture capital firm, has announced the completion of a $146 million funding round aimed for a variety of Web3 projects, showing investors' persistent interest in crypto despite the ongoing bear market.

The TGV4 Plus Follow On Fund was led by a group of 15 general partners who invested an average of $4 million (over 40%).

TGV previously invested in a number of Web3 initiatives across three industry verticals: entertainment and gaming, financial services, and artificial intelligence, using a base fund dedicated to late-stage Series A, B, and C. Among TGV's notable investments are The Sandbox, Animoca Brands, and Forge.

Dušan Stojanović one of the TGV’s 15 general partner shared his views :

"Now it's much clearer who the winners are." As a result, our investors have shown a great level of faith in us."

Stojanović also said, "Regardless of market circumstances, there are always good teams with amazing products at the right time; the ideal time to invest is during a crisis, not during a bull market."

Huobi Global, a leading crypto exchange, established Ivy Blocks, a new investment group with a capital of over $1 billion in crypto assets, on Friday last week.

Huobi also offers an asset management platform, a new blockchain incubator, and a dedicated research arm in addition to the cash injection.

Huobi Global's chief financial officer, Lily Zhang, also stated that Houbi's asset management department will provide "liquidity investments" to help decentralised finance and Web3 businesses get off the ground.

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