Re7 Capital announced the establishment of a $10 million SocialFi special fund, aiming to invest in approximately 30 early-stage projects. Although the development of the field is still slow, Re7 partner Luc de Leyritz stated that "the time is ripe", with infrastructure, talent, and user behavior in resonance. The fund will primarily invest in the form of initial checks ranging from $100,000 to $300,000, focusing on supporting emerging SocialFi platforms in the ecosystem such as Lens Chain and Farcaster. The first round of funding has already completed 60% subscription.
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Re7 Capital establishes $10 million SocialFi fund to invest in approximately 30 startups
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yield on the US 10-year Treasury rose 2 basis points to 4.12%, reaching a new high since November 2020. -
Social media platform "X" has been fined €120 million by the European Union for violating content regulations.
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