High-profile crypto investor Multicoin Capital has reportedly introduced a new $430 million venture fund – a sign of surging interest of capital in the blockchain economy, while markets still have bearish movements. 

Specifically, Multicoin’s Venture Fund III is reportedly going to make an investment of between $500,000 and $25 million in early-stage establishments throughout different crypto- and blockchain-centric sectors. 

It additionally shares a willing attitude towards investing an amount of $100 million or more for later-stage initiatives, with an established brand and market standing.

Venture Fund III is reportedly looking to keep a closer scope on crypto initiatives that have showcased “proof of physical work,” or protocols that have built economic incentives for permissionless contribution.

“While the vast majority of crypto-innovation has been focused on coordinating digital communities and economies, tokens also create opportunities for innovation in capital formation and human coordination that extend beyond the digital world and into the physical,” Multicoin further claimed. 

The firm additionally emphasized data decentralized autonomous organizations, alternatively referred to as data DAOs, as providing concrete incentives for user participation. 

Multicoin Capital was reportedly a key investor in the data DAO project Delphia, which secured $60 million of capital injection via Series A fundraising in June.

Creator monetization, a category that includes social tokens, nonfungible tokens and decentralized finance, was reportedly also mentioned as a noteworthy investment theme in the future. 

With investors gearing up to face more short-term hardships in the cryptocurrency markets, venture establishments keep on building up their portfolios. In Q1 2022, $14.6 billion in venture funding flowed into crypto and blockchain startups. Although funding is expected to see a drop in the second quarter, 2022 is gearing towards the scenario of being a record year for venture funding.