VanEck to Launch New Fund on Avalanche to Back Gaming, DeFi

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VanEck to Launch New Fund on Avalanche to Back Gaming, DeFi - CoinGape

Quick Summary:

Global asset manager VanEck is placing a huge bet on Avalanche with the planned launch of its private digital assets fund dubbed "VanEck PurposeBuilt Fund.” The asset manager noted that the fund will focus on Avalanche-based businesses as well as support the launch of tokens built for long-term utility.

Set to go live in June, the new fund is designed for accredited investors looking to back utility-driven Web3 projects.

Source: X VanEck says the Avalanche fund will embrace a fundamentals-first approach.