Ripple, the San Francisco-based blockchain company, is one of the key participants in a newly announced $40 million fund by Dispersion Capital, dedicated to the burgeoning field of web3 infrastructure.
Dispersion Capital, an early-stage venture firm, plans to invest in decentralization, a fundamental aspect of the web3 concept. To date, Dispersion Capital has funded 20 companies, each receiving follow-on financing post-investment.
Patrick Chang, founder and managing partner of Dispersion Capital, has a strong background in the web3 sphere, stemming from his time leading Samsung Next’s blockchain investments.
His expertise was acknowledged by Circle Ventures, another participant in the fund, who highlighted Chang’s ability to identify promising and ambitious talent in the web3 space.
Dispersion Capital is positioning itself to be a catalyst in the development of functional, scalable, and accessible decentralized applications.
However, the reality of the web3 infrastructure’s maturity and the successful deployment of next-gen applications remains an open question.
Circle Ventures, in a recent statement, applauded Dispersion Capital’s efforts and expressed eagerness to see the firm’s impact on the web3 ecosystem. It emphasized Dispersion’s focus on addressing infrastructure gaps and their support for developers.
The investment in Dispersion Capital is a sign of Ripple’s commitment to decentralized infrastructure. Ripple has been a vocal supporter of DeFi and DEXes, and the company has also invested in a number of other decentralized projects.
The investment in Dispersion Capital is a significant development for the decentralized infrastructure space. The fund will provide much-needed capital to early-stage companies that are building decentralized infrastructure.
This investment is a sign that the decentralized infrastructure space is maturing and that there is a growing interest in decentralized technologies.
Web3 infrastructure is the foundation of the decentralized web. It includes the protocols, tools, and services that allow developers to build decentralized applications.
Decentralized applications are applications that are not controlled by a single entity. They are built on top of web3 infrastructure and allow users to interact with each other and with the internet in a more secure and private way.
The investment in Dispersion Capital is a vote of confidence in the future of web3 infrastructure. It is a sign that investors believe in the potential of decentralized technologies and are willing to put their money where their mouth is.