Red Beard Ventures Raises $25M with Participation from Animoca Brands and Others

Web3 venture capital firm Red Beard Ventures announced it has raised $25 million with participation from Animoca Brands, SuperRare, a16z's Marc Andreessen and Chris Dixon, and others.

The funds raised will be used to accelerate the adoption of Web3 technologies and support the launch of a tokenomics accelerator program called Denarii Labs, which aims to offer advisory services, educational sessions, mentorship and more to developers launching token projects.

Red Beard Ventures has invested in companies including Dapper Labs and The Sandbox.