We are thrilled to announce Figment Capital, the $16M investment arm of Figment Inc. This fund will be dedicated to fueling the growth of new decentralized protocols & applications with more than capital: we bring a wealth of experience, connections, and expertise in the Web 3 space that we want to invest in fledgeling projects.
Figment Capital has been around for longer than you would think. In fact, it was the first idea for our company back in 2018. We realized quickly that for the space to be successful, it needed high-quality, stable infrastructure - not just infusions of cash. We put our experience building and scaling Internet infrastructure to work, and built staking services and node infrastructure on Proof of Stake networks like Cosmos, Terra, and Livepeer. This had the dual benefit of furthering Web 3 as well as building a deep technical knowledge base within Figment.
Now in 2021, Figment’s staking & node infrastructure, software & developer tooling, and educational communities all support thousands of token holders and developers investing in and building on Web 3 technologies. Deploying capital and taking a strategic approach to token ownership is the next step to maintain and grow Web 3’s current and future protocols and communities.
Figment Capital will be the investment arm of the Figment stack. The capital we supply will supercharge our existing support for new blockchain protocols and applications as infrastructure providers and community partners.
The Figment stack supporting Web 3:
And now, a capital contributor dedicated to growing the Web 3 ecosystem at the earliest stage.
As an operator investor, pre-launch partner, and active ecosystem participant, we will provide more value to early-stage projects than more traditional investments from hands-off VC funds will.
“Over the past 3 years, we’ve helped launch and support over 35 blockchains, while onboarding 1000s of developers into the larger Web 3 ecosystem. The missing piece was the ability to contribute early stage capital to high-quality teams and projects. With Figment Capital, we will now be able to fully support the launch of new Web 3 protocols and applications from testnet to mainnet and beyond as an active infrastructure provider, partner, and investor.”
Lorien Gabel, Figment CEO
Areas of particular interest for Figment Capital include:
We see active participation as paramount to the success and long term growth of Web 3. There’s a surplus of passive capital in a space that needs builders. Figment is a team of builders, and the capital we provide to teams and projects is the first step to supporting new projects up and down our stack.
Fellow builders, if this sparks your interest, we would love to hear from you. Together, we’re building a better Internet.
Figment: Blockchain Simplified
At Figment, our mission is to create an Internet that is truly decentralized where users can freely interact, share, collaborate, and exchange goods and services in a trustless environment. We offer staking, middleware, and application layer solutions for token holders and developers investing in and building on Web 3 technologies.
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