Dispersion Capital, an early-stage venture capital firm, is expected to launch a $40 million fund for startups developing Web 3.0-based projects, Cointelegraph stated.

“Dispersion Capital is a global early-stage web3 VC fund. We invest in the disruption of the blockchain technology emerging from the web3 infrastructure reinvention which we are calling the “Dispersion Economy”. Dispersion specializes in web3 infrastructure and platforms,” Dispersion Capital tweeted.

Sources revealed that Dispersion Capital will be supported by organizations such as Ripple, HashKey, Wemade, Circle Ventures, Alchemy Ventures, Cherubic Ventures, Forte and NGC, among others, Cointelegraph added.

Furthermore, Dispersion Capital will invest in startups focused on “specific layers of Web3, including fintech and gaming infrastructure, security, data, and challenging platforms for startup industries,” Cointelegraph concluded.

(With insights from Cointelegraph)

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