Polygon founder Sandeep Nelwal raises $50 million for Web3 fund
Symbolic Capital is the latest venture company to focus on Web3, gaming and NFTs. Sandeep Nelwal, creator of Polygon and a cryptocurrency entrepreneur, has raised $50 million for a new startup fund targeted at Web3 firms, highlighting the growing interest of venture capital in the blockchain-powered internet.
By business, Nelval’s venture firm, Symbolic Capital, is backed by bitcoin protocol, exchange, crypto-focused auditing companies and other venture capital investors. Symbolic has invested in three blockchain-focused gaming startups: Blinkmoon, Planet Mojo and Community Gaming. The original investments of these businesses have not been disclosed.
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