The company’s goal is to provide funding to early-stage businesses creating the backbone for Web3 and other decentralized technology initiatives.
Dispersion Capital has now invested in 20 businesses, according to a statement, “with the majority receiving follow-on financing.”
Dispersion Capital, an early-stage venture capital firm, just came out of stealth to provide a $40 million fund for businesses developing the infrastructure for Web3 applications.
Dispersion Capital’s backing comes from several high-profile organizations, including Ripple, HashKey, Wemade, Circle Ventures, Alchemy Ventures, Cherubic Ventures, Forte and NGC.
Expanding Infrastructure for Web3 Applications
A venture capital company called Dispersion Capital wants to build out the infrastructure for Web3 apps in order to elevate Web3 to a level equivalent to cloud computing. Patrick Chang, the company’s creator, emphasized the need for more robust infrastructure support in the Web3 sector, especially in light of the surge of Web3 and nonfungible token (NFT) enterprises expected to enter the ecosystem in 2021.
Chang noted how annoying for users and newcomers the problems with onboarding, scalability, and security in Web3 were. He saw the infrastructure’s youth as a critical problem that required attention.
Dispersion Capital wants to assist firms that are concentrated on particular Web3 layers, such as security, data, platforms that upend established sectors, and infrastructure for gambling and banking.
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Funding Startups Driving Web3 Innovation
Dispersion Capital’s main objective is to finance entrepreneurs that are spurring innovation across a range of Web3-related fields.
The company hopes to contribute to the creation of a strong and dependable infrastructure for the Web3 ecosystem, enabling its expansion and wider adoption, by giving these businesses financial assistance and resources.