1. Venture capital firm Vessel Capital announces a $55 million fund aimed at investing in Web3 infrastructure and applications, with a focus on supporting new #Web3 entrepreneurs.

2. The fund is intended to be allocated over a span of five years, and there's potential for its capital pool to expand further in the future.

3. Vessel Capital's co-founder, Mirza Uddin, emphasizes the importance of forming early relationships between VC firms and startups in the Web3 space.

4. The primary focus of the $55 million fund will be on backing "application-specific infrastructure," but it remains open to considering other areas as well.

5. Uddin believes that proper guidance and insights from experienced Web3-focused VCs can significantly benefit startups beyond just providing funding.

6. The aim is to provide actual knowledge and advice to startups, bridging the gap between funding and meaningful support.

7. Uddin expresses interest in partnering with fresh founders in the industry, emphasizing the potential for more profitable partnerships for both parties.

8. Vessel Capital sees the significant growth and global expansion of the Web3 industry as an opportunity to fund startups beyond the United States.

9. The Web3 funding landscape has faced challenges, with recent data showing a decline in funding for crypto and Web3 startups, potentially influenced by factors like the crypto market's volatility.

10. There are rumors suggesting that venture capitalists might be exploring other areas, such as artificial intelligence (AI), leading to potential shifts in funding focus away from Web3 and #crypto projects.