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Mysten Labs CEO Evan Cheng Explores the Launch of Web3 Venture Fund

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According to reports, Evan Cheng, co-founder and CEO of Mysten Labs, confirmed on The Scoop Podcast that he was exploring a web3 venture fund. Evan Cheng said …

Mysten Labs CEO Evan Cheng Explores the Launch of Web3 Venture Fund

According to reports, Evan Cheng, co-founder and CEO of Mysten Labs, confirmed on The Scoop Podcast that he was exploring a web3 venture fund. Evan Cheng said that there are many web3 funds, but investors are looking for things that are not limited to specific ecosystems and are very consistent with LPs, and also get the support of people who really understand web3 technology and products fundamentally. In addition, Evan Cheng also said that the fund would not only invest in Sui Ecology.

CEO of Mysten Labs: The upcoming Web3 fund will not be limited to investing in Sui Ecology

Analysis based on this information:


Mysten Labs’ CEO, Evan Cheng recently confirmed on The Scoop Podcast that he is considering launching a Web3 venture fund. There are already many Web3 funds in existence, but Cheng notes that investors are seeking funds that are not tied to specific ecosystems, are consistent with Limited Partners (LPs), and are founded on sound knowledge of Web3 technology and products.

Cheng’s remark about consistency with LPs is critical, as this implies that the proposed Web3 venture fund will prioritize long-term goals rather than short-term gains, which is essential for gaining the trust of major stakeholders. The aim is to create a comprehensive investment and development ecosystem that supports Web3 technologies while also identifying potential startups that fit into the larger picture.

Moreover, the proposed fund won’t only focus on investing in Sui Ecology. This is exciting news as it shows that the fund will be diverse and comprehensive, looking into different areas of Web3 technology, such as blockchain-based platforms, decentralized finance (DeFi), and non-fungible tokens (NFTs).

Evan Cheng’s decision to venture into Web3 investment and development highlights the growing importance of the Web3 ecosystem – which is, without a doubt, the future of Internet technology. Many investors who understand the prospects of Web3 technology have recognized the need for investments that will enable the ecosystem to grow and become more robust.

In conclusion, the launch of the proposed Web3 venture fund would be a significant boost to the Web3 ecosystem, and we could experience a surge in startups and investments in the Web3 space. With the right foundation, such investments could lead to innovative and innovative solutions, enabling the mainstream adoption of Web3 technologies.

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