GnosisDAO has voted to invest $40 million into early-stage startups working on RWAs and more.
Gnosis, the well-known blockchain infrastructure and applications platform, will allocate $40 million for investments into Web3 projects after a vote taken by the GnosisDAO. The announcement came on October 23 and mentioned that the DAO would contribute $20 million while raising another $20 million from limited partners (LPs).
GnosisVC—the platform’s investment arm—will invest the funds into early-stage startups developing Real World Assets (RWAs), payment systems, and decentralized infrastructure. According to Gnosis co-founder Stefan George, the DAO is strategically aligning its investments with the Gnosis 3.0 phase.
“We have put a lot of thought into composing a team that combines expertise in investments, legal structuring, fund management, quantitative modeling at hedge funds as well as DeFi from both a technical and financial perspective,” he said. “With GnosisVC, we’re not just investing; we’re architecting a future where blockchain isn’t just technology but a lifestyle.”
Gnosis Has Positioned Itself to Build Applications to Onboard Users Into the Blockchain Ecosystem
Gnosis 3.0 is a new phase in the platform’s roadmap as it evolves to bring blockchain technology to the masses. In other words, it is Gnosis’ efforts to bring decentralized payment and financial applications for daily use cases. The platform kicked off its operations as an Ethereum-based predictions market, which marks Gnosis 1.0. Gnosis 2.0 saw the deployment of the Gnosis Chain and the GNO token.
The project has put up several applications in efforts to connect blockchain technology for practical use cases, like Gnosis Pay, a crypto debit card, and Safe, an asset storage solution powered by smart contracts. Gnosis 3.0 took effect in March 2024, bringing infrastructure innovation related to artificial intelligence and decentralized computing.
General partner at GnosisVC, Benjamin Seann, mentioned, “Gnosis has a long track record of investments in decentralized applications and infrastructure. This broad coverage has given us a holistic overview of where there are still demands and gaps with respect to use case.”
GnosisVC has put money into about 60 projects since 2019, including Schuman Financial, a stablecoin protocol licensed under the EU’s Markets in Crypto Assets (MiCA) regulations, Monerium, an on-chain infrastructure developer, and Naptha AI, a decentralized AI workflow solution.
The Gnosis blockchain, an EVM-compatible network, has grown to boast a total value locked (TVOL) of $281.17 million, according to DefiLlama.
