According to a Jan. 18 press release, United States-based capital markets advisory and token offering platform Deal Box has launched a new $125 million venture capital arm dedicated to blockchain and Web3 startups. The fund, dubbed Deal Box Ventures, will invest in companies in the emerging growth, real estate, fintech, funtech and social impact fields. Commenting on the development, Thomas Carter, founder and chairman of Deal Box, said:
As part of initial Web3 investments, Deal Box has purchased stakes in Total Network Services, Rypplzz and Forward-Edge AI. Rypplzz uses blockchain to connect digital and physical objects for location-based experiences. Forward-Edge AI says it uses the namesake technology to try to improve the human condition, while Total Network Services claims to have developed a blockchain Universal Communication Identifier to improve supply chain security.