GnosisDAO has approved a proposal to establish a $40 million venture fund with the objective of fostering early-stage blockchain initiatives.
GnosisDAO will contribute $20 million to the fund, per an announcement made on October 23, while the remaining $20 million will be provided by external limited partners (LPs).
Investments in initiatives that focus on the tokenization of real-world assets (RWA), decentralized infrastructure, and financial payment rails will be prioritized by the GnosisVC Ecosystem fund.
GnosisDAO Approves $40M For RWA
Stefan George, co-founder of Gnosis, stated that the GnosisDAO has developed a “more targeted investment strategy” per the Gnosis 3.0 thesis. This strategy is based on a team combining expertise in investments, legal structuring, fund management, quantitative modeling at hedge funds, and DeFi from a technical and financial perspective.
The new thesis, introduced in March 2024, concentrates on infrastructure, including nodes, artificial intelligence, decentralized computing and storage, and payments middleware around Gnosis Pay.
“Gnosis has a long history of investing in decentralized infrastructure and applications.” Benjamin Senn, general partner at GnosisVC, observed that this comprehensive coverage has provided a thorough understanding of the remaining demands and voids in the use case.
The fund has already invested in projects such as Naptha AI, a decentralized platform for AI workflows, Monerium, an onchain fiat infrastructure for Web3 creators, and Schuman Financial, a MiCA-compliant stablecoin protocol, at its launch. GnosisVS has invested in more than 60 companies since 2019.
Since 2015, the GnosisDAO ecosystem has existed. Initially, it was an Ethereum-based prediction market platform that evolved into financial infrastructure solutions such as Gnosis Pay and spun off initiatives such as the multisig wallet Gnosis Safe, now known as Safe. At the moment of writing, DefiLlama reports the Gnosis chain to possess assets valued at $267.5 million.
Developers and startups seeking capital for Web3 initiatives have found it appealing to participate in established ecosystems. Bitget and Foresight Ventures established a $20 million fund in June to support early-stage initiatives within The Open Network (TON) ecosystem, which is closely integrated with Telegram.
MEXC Ventures, Foresight Ventures, and Mirana Ventures announced a fund in September, a few months later, that was specifically designed to support initiatives that utilize the Move programming language and expand the Aptos ecosystem.
