Two blockchain entrepreneurs have reportedly introduced a new crypto fund, dedicated to bootstrap Web 3 startups with potential, which suggested increased interest in the next builders of the decentralized internet. 

Specifically, on October 29th, Kevin Chou and Mahesh Vellanki reportedly disclosed details regarding “SuperLayer” – a crypto venture studio designing Web 3 initiatives across the Rally network, a crypto-social platform enabling creators and artists featuring their self-designed digital currencies, in a direct manner. 

The venture studio will reportedly introduce in-house prior to hunting fresh faces for the product manager positions, to grow the business.

Notably, a variety of high-profile investing entities have reportedly thrown their weights behind the SuperLayer, nominally Marc Andreessen of venture capital firm Andreessen Horowitz, Chris Dixon, Paris Hilton, Nas, Michael Ovitz, Carter Reum and others.

Previously, SuperLayer aimed to complete the deployment of $25 million in seed investments, and will keep on raising funds on an ongoing basis.

Kevin Chou reportedly appeared in The Cointelegraph Top 100 for 2020 in the category of adoption. Before being the co-founder of Rally with his co-worker Mahesh Vellanki three years ago (2018), Chou took the leading role at Kabam – an e-sports gaming firm that sold for $1 billion in 2017.

Marc Andreessen’s Andreesen Horowitz has reportedly been the backer of a few largest fundraising rounds in the crypto sphere. Nominally, blockchain platform Alchemy recently secured $250 million via a Series C investment round, led by the Silicon Valley venture entity. 

In early 2021, the company rolled out the biggest ever recorded crypto venture fund with a total value of $2.2 billion.