{"id":61737,"date":"2023-09-16T08:30:40","date_gmt":"2023-09-16T12:30:40","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/investment-firm-reverie-sets-up-20-million-crypto-venture-fund-for-web3-startups\/"},"modified":"2023-09-16T08:30:43","modified_gmt":"2023-09-16T12:30:43","slug":"investment-firm-reverie-sets-up-20-million-crypto-venture-fund-for-web3-startups","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=61737","title":{"rendered":"Investment Firm Reverie Sets Up $20 Million Crypto Venture Fund for Web3 Startups"},"content":{"rendered":"<div>\n<p>The New York-based crypto-focused investment firm Reverie has launched Reverie Fund One, a $20 million venture capital fund that will invest in Web3 startups.<\/p>\n<p>The launch of the new fund was announced on X on Thursday by Larry Sukernik, co-founder of Reverie, who promised that the launch would come with \u201cno hype, no gimmicks.\u201d<\/p>\n<p>\u201cReverie is for founders who want to build amazing products and generational companies,\u201d Sukernik wrote.<\/p>\n<p>He added that the new fund has been set up to help startups in the Web3 world specifically with \u201cthings that move the needle,\u201d including making introductions, iterating product, and building an ecosystem around crypto infrastructure.<\/p>\n<figure class=\"media\"><oembed data-embedo-height=\"400\" data-embedo-url=\"https:\/\/twitter.com\/lsukernik\/status\/1702311039331697055\" loading=\"lazy\"><\/oembed><\/figure>\n<h2>A \u2018crypto-native\u2019 fund<\/h2>\n<p>The company also described its new venture fund in a blog post where it emphasized that it is \u201ccrypto-native and business-native,\u201d and looking to help founders realize their visions.<\/p>\n<p>In the post, Reverie explained that they believe the next generation of crypto founders will make \u201ca complete 180\u201d from earlier crypto founders who focused on \u201ccomplicated mechanism design and convoluted products that have little to no users.\u201d<\/p>\n<p>\u201c[\u2026] we believe the next generation of crypto founders will care more about users, revenues, and profits \u2014 the basic ingredients that make every great company in the world,\u201d the firm wrote.<\/p>\n<p>Further, the post rejected the popular notion that speculation is the key to onboarding new people to crypto.<\/p>\n<p>\u201cWe have to reject that premise \u2014 most founders in the world aren\u2019t interested in building products for speculators,\u201d the team wrote, while adding:<\/p>\n<blockquote>\n<p>\u201cWho wants to run an online casino for meme tokens when you can build a crypto product that can change the world?\u201d<\/p>\n<\/blockquote><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/investment-firm-reverie-sets-up-20-million-crypto-venture-fund-for-web3-startups.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The New York-based crypto-focused investment firm Reverie has launched Reverie Fund One, a $20 million venture capital fund that will invest in Web3 startups. The launch of the new fund was announced on X on Thursday by Larry Sukernik, co-founder of Reverie, who promised that the launch would come with \u201cno hype, no gimmicks.\u201d \u201cReverie [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":61738,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-61737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Investment Firm Reverie Sets Up $20 Million Crypto Venture Fund for Web3 Startups | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The New York-based crypto-focused investment firm Reverie has launched Reverie Fund One, a $20 million venture capital fund that will invest in Web3\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=61737\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investment Firm Reverie Sets Up $20 Million Crypto Venture Fund for Web3 Startups | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"The New York-based crypto-focused investment firm Reverie has launched Reverie Fund One, a $20 million venture capital fund that will invest in Web3\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=61737\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-16T12:30:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-16T12:30:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/09\/1694867441_investment.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1350\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=61737#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=61737\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Investment Firm Reverie Sets Up $20 Million Crypto Venture Fund for Web3 Startups\",\"datePublished\":\"2023-09-16T12:30:40+00:00\",\"dateModified\":\"2023-09-16T12:30:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=61737\"},\"wordCount\":284,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Crypto\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=61737#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=61737\",\"url\":\"https:\/\/ifintechworld.com\/?p=61737\",\"name\":\"Investment Firm Reverie Sets Up $20 Million Crypto Venture Fund for Web3 Startups | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-09-16T12:30:40+00:00\",\"dateModified\":\"2023-09-16T12:30:43+00:00\",\"description\":\"The New York-based crypto-focused investment firm Reverie has launched Reverie Fund One, a $20 million venture capital fund that will invest in Web3\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=61737#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=61737\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=61737#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Investment Firm Reverie Sets Up $20 Million Crypto Venture Fund for Web3 Startups\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Investment Firm Reverie Sets Up $20 Million Crypto Venture Fund for Web3 Startups | iFintechWorld","description":"The New York-based crypto-focused investment firm Reverie has launched Reverie Fund One, a $20 million venture capital fund that will invest in Web3","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=61737","og_locale":"en_US","og_type":"article","og_title":"Investment Firm Reverie Sets Up $20 Million Crypto Venture Fund for Web3 Startups | iFintechWorld","og_description":"The New York-based crypto-focused investment firm Reverie has launched Reverie Fund One, a $20 million venture capital fund that will invest in Web3","og_url":"https:\/\/ifintechworld.com\/?p=61737","og_site_name":"iFintechWorld","article_published_time":"2023-09-16T12:30:40+00:00","article_modified_time":"2023-09-16T12:30:43+00:00","og_image":[{"width":1350,"height":900,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/09\/1694867441_investment.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=61737#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=61737"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Investment Firm Reverie Sets Up $20 Million Crypto Venture Fund for Web3 Startups","datePublished":"2023-09-16T12:30:40+00:00","dateModified":"2023-09-16T12:30:43+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=61737"},"wordCount":284,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Crypto"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=61737#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=61737","url":"https:\/\/ifintechworld.com\/?p=61737","name":"Investment Firm Reverie Sets Up $20 Million Crypto Venture Fund for Web3 Startups | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-09-16T12:30:40+00:00","dateModified":"2023-09-16T12:30:43+00:00","description":"The New York-based crypto-focused investment firm Reverie has launched Reverie Fund One, a $20 million venture capital fund that will invest in Web3","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=61737#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=61737"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=61737#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Investment Firm Reverie Sets Up $20 Million Crypto Venture Fund for Web3 Startups"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/61737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61737"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/61737\/revisions"}],"predecessor-version":[{"id":61739,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/61737\/revisions\/61739"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/61738"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}