Re7 Capital has announced the launch of a $10 million SocialFi fund aimed at financing early-stage projects in blockchain finance.
Goals of the New Fund
The fund aims to support 30 early-stage SocialFi projects. This initiative will create opportunities for innovation at the intersection of decentralized finance and social media.
Role of Luc de Leyritz
The fund is led by Luc de Leyritz, who emphasizes the importance of new opportunities in the crypto industry. He joined Re7 Capital after working at Cherry Ventures.
Potential of the SocialFi Sector
The SocialFi sector shows growth patterns similar to past DeFi expansions. The success of Re7 Capital's strategy could change investment patterns in blockchain-based projects.
The launch of the SocialFi fund by Re7 Capital highlights the increasing interest in innovations at the intersection of decentralized finance and social media, which may influence future investments in this sector.
