CMT Digital Raises $136 Million for Blockchain and Web3 Fund
- CMT Digital secured $136 million for its fourth fund, focusing on blockchain and web3 investments.
- The fund targets early-stage investments to accelerate blockchain adoption in emerging web3 sectors.
- This fundraising effort occurs amid a challenging market environment for venture capital firms.
- CMT Digital aims to support startups that challenge traditional financial institutions while exploring new blockchain and crypto categories.
- The firm collaborated with a former Pantera Capital executive to enhance its fundraising efforts.
- CMT Digital led pre-seed funding for Axal, which is developing a network for verifiable autonomous agents.
CMT Digital has successfully raised $136 million to invest in early-stage blockchain projects, aiming to foster innovation in the web3 space despite current market challenges.
Source (3.2)https://cryptobriefing.com/cmt-digital-raises-136m-for-fourth-blockchain-fund/?rand=59535
