Quick take: 
<ul> 
 <li>Shara Senderoff and Aaron McDonald have launched the Born Ready venture fund and studio.</li> 
 <li>The fund will back metaverse startups that show potential to collaborate with Futureverese or The Root Network.</li> 
 <li>This announcement comes barely two weeks after Futureverse raised $54 million in a Series A round led by 10T Holdings.</li> 
</ul> 
Futureverse co-founders Shara Senderoff and Aaron McDonald have launched the Born Ready venture studio with $50 million in funding. The new fund will back <a href="https://www.nftgators.com/what-is-the-metaverse/" rel="noopener noreferrer nofollow">Metaverse</a> startups that have the potential to collaborate with Futureverse or The Root Network, a decentralised blockchain optimised for Metaverse applications and experiences. 
“We’re incredibly excited to officially announce our Born Ready venture fund, as we seek out visionary developers and forward-thinking leaders building the future of the internet,” <a href="https://www.prnewswire.com/news-releases/co-founders-of-futureverse-launch-50-million-fund-and-venture-studio-born-ready-301892783.html" target="_blank" rel="noopener noreferrer nofollow">said</a> Shara Senderoff and Aaron McDonald, co-founders of Born Ready. 
The fund has already invested in some of the top web3 projects including Yeezy Innovation Lab’s high-tech sneaker startup, FCTRY Lab, Power’d Digital, Polemos, and Walker Labs among others. 
This announcement comes barely two weeks after the two serial entrepreneurs and venture capitalists <a href="https://www.nftgators.com/ripple-and-10t-holdings-invest-in-futureverses-54m-round-for-metaverse-and-ai-platform/" rel="noopener noreferrer nofollow">raised $54 million</a> for Futureverse, a metaverse platform built on the decentralised blockchain network, The Root Network. 
Futureverse is a blend of eleven metaverse infrastructure and content companies combined together to form one collaborative ecosystem. The platform has already signed partnership deals with Wimbledon, FIFA, Authentic Brands Group (ABG), Mastercard, Death Row Records, Wētā Workshop, Snoop Dogg, Timbaland, Keanu Reeves and Alexandra Grant to collaborate on various metaverse and web3 projects. 
Senderoff and McDonald have been active investors in web3 and the blockchain industry for more than six years, with Senderoff having founded the blockchain-focused investment fund Raised in Space. Raised in Space led investments in over 20 early-stage blockchain startups. 
On the other hand, McDonald co-founded NetX Fund, which invested in over 60 portfolio companies across different tech segments. 
Futureverse’s recent fundraising came at a time when venture funding for web3 startups has been on a decline. In a recent report by CrunchBase, funding in the web3 space is expected to decline for the third consecutive quarter. 
However, this does not seem to deter Senderoff and McDonald, who are looking to back the right projects with $250,000 to $2 million each. 
**** 
Stay up to date: 
Subscribe to our newsletter using&nbsp;<a href="https://nftgators.substack.com/" target="_blank" rel="noopener noreferrer nofollow">this link</a>&nbsp;– we won’t spam! 
<ul> 
 <li><a href="https://news.google.com/publications/CAAqBwgKMKqZrgswt6TGAw?hl=en-US&amp;gl=US&amp;ceid=US%3Aen" target="_blank" rel="noopener noreferrer nofollow">Google News</a></li> 
 <li><a href="https://twitter.com/NFTgators" rel="noopener noreferrer nofollow">Twitter</a></li> 
 <li><a href="https://t.me/NFTgatorsNews" rel="noopener noreferrer nofollow">Telegram</a></li> 
 <li><a href="https://www.linkedin.com/company/nftgators/" rel="noopener noreferrer nofollow">LinkedIn</a></li> 
 <li><a href="https://facebook.com/NFTgators-103707808818830" rel="noopener noreferrer nofollow">Facebook</a></li> 
 <li><a href="https://www.tiktok.com/@nftgators" rel="noopener noreferrer nofollow">TikTok</a></li> 
</ul> 
The post <a rel="noopener noreferrer nofollow" href="https://www.nftgators.com/futureverse-co-founders-launch-50m-born-ready-venture-fund-and-studio/">Futureverse Co-Founders Launch $50M Born Ready Venture Fund and Studio</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://www.nftgators.com">NFTgators </a>.

Futureverse Co-Founders Launch $50M Born Ready Venture Fund and Studio

NFTgators

Other articles published on Aug 3, 2023

Sanders, Warren Urge Biden To Crackdown On “Crypto Tax Evaders”

Breaking: Early Terra Luna Classic Developers Seek Return To Revive LUNC & USTC To $1

Optimism transactions surpass Arbitrum, but what’s behind the uptick in users?

Fitch débarrasse les États-Unis de leur AAA

Litecoin Halving Aftermath: Brace Yourselves, Whale Dump Incoming

Australian Regulator Launches An Investigation into This Trading Platform For Leveraged Transacti...

Join our free newsletter for daily crypto updates!