NGC Ventures is a venture capital firm that focuses on crypto. They have launched an ecosystem fund for Web3 projects. It is a sign of investor demand to invest in companies who are helping to develop a decentralized Internet.

NGC Metaverse Ventures, the company’s third blockchain fund, raised $100 million from investors that included Babel Finance, Huobi Ventures, Nexo Ventures, Altonomy and GBIC. The fund will allocate capital towards “high-potential projects” in the Web3 economy, according to Roger Lim, NGC Ventures’ general partner.