Cake DeFi launches $ 100M venture arm for Web3, gaming and fintech initiatives By Cointelegraph
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Singapore-based decentralized finance (DeFi) services firm Cake DeFi announced the launch of a $ 100 million venture arm dedicated to serving as accelerators for Web3, gaming, nonfungible tokens (NFT) and other crypto initiatives.
The newly launched $ 100 million venture arm, Cake DeFi Ventures (CDV), will fund crypto startups that complement the company’s core business. According to Cake DeFi, the venture firm “will be focused on investing in tech startups across Web3, the metaverse, the NFT space, gaming, esports and fintech spaces.”
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