🚀 CMCC Global, a blockchain-focused venture capital firm,

🚀 CMCC Global, a blockchain-focused venture capital firm, has raised $100 million for a new fund that will invest in Web3 companies based in Hong Kong. 
🎮 The fund, called Titan Fund, will make early-stage investments in Web3 sectors such as gaming, metaverse and non-fungible tokens (NFTs). The fund will be managed by State Street and overseen by EY. 
💰 Block.one (B1) is the lead investor in the fund with a $50 million commitment. It also includes Richard Li’s Pacific Century Group, Winklevoss Capital and Animoca Brands founder Yat Siu. B1 will become a minority stakeholder in CMCC Global’s holding company. 
🇭🇰 Hong Kong has re-established its position as a crypto hub with new regulations coming into effect in June, making it an attractive investment destination for major VC players in the blockchain sector. 
🗣️ Do you think this investment will help Hong Kong lead the crypto and blockchain space? We look forward to your comments!

.css-1iqe90x{box-sizing:border-box;margin:0;min-width:0;color:#EAECEF;}🚀 CMCC Global, a blockchain-focused venture capital firm, has raised $100 million for a new fund that will invest in Web3 companies based in Hong Kong.

🚀 CMCC Global, a blockchain-focused venture capital firm, has raised $100 million for a new fund that will invest in Web3 companies based in Hong Kong.