Shima Capital has announced a $200 million fund focused on decentralized social networks and identity, DAO, DeFi, blockchain gaming, metaverses, zero-knowledge proofs, L1 and L2 solutions.

And so our next chapter begins…https://t.co/qHoA1ZZRc4

— Shima Capital (@shimacapital) 17 August 2022

The firm is backed by billionaire Bill Ackman’s Dragonfly Capital, Animoca Brands, OKX, Mirana Ventures, Republic Capital, Digital Currency Group, and Andrew Yang.

Between $500,000 and $2 million in funding will be allocated for each initiative, which will be used to attract experts, build communities, market and conduct technical research and development.

Yapı deals with projects at an early stage of development.

Founded in 2021, Shima Capital was founded by investor Ida Gao, who previously worked at Morgan Stanley and co-founded the Divergence Digital Currency crypto fund.

In the company’s team – He is a former head of DeFi at Ripple Labs, a former venture partner at Old Fashion Research, and a former head of talent at Atomic VC.

“Running in a bear market is great. We can support founders at the earliest stages and provide them with the necessary capital at each stage and help raise additional capital. This is good for our partners as the ratings are down.”said Gao.

Recall that CoinFund recently raised $300 million in a venture fund to support Web3 startups in the early stages.

According to Messari and Dove Metrics, investment in the sector exceeded $30 billion in the first half of the year.

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