Web3-focused venture studio Decent Labs and other crypto investing giant has <a href="https://www.prweb.com/releases/decent_labs_gsr_blocktower_cumberland_dcg_other_leading_crypto_investors_launch_the_world_s_first_decentralized_venture_studio_with_10m_in_funding/prweb18627903.htm" target="_blank" rel="noopener">raised</a> an initial on-chain investment of $10 million to launch a decentralized autonomous organization, or DAO at a $56 million valuation.

Decent DAO is co-lead by crypto investment firms such as BlockTower Capital and ecosystem partner GSR Markets, and is backed by Cumberland DRW, OP Crypto, Digital Currency Group, CMT Digital, 1kx, Coral DeFi, Fourth Revolution Capital, Hivemind Capital, Studio Management, Stealth Capital, Valhalla Capital, Ashbury Ventures.

In addition, four angel investors namely Ryan McKillen, Jason Stone, Vinny Lingham and Pir Granoff also contributed to the DAO's launch

Every six months, Decent DAO will choose new projects to be developed and be funded by the DAO, supported by Decent DAO's core contributors which are committed to redistributing the institutional knowledge gained from working with leaders in the crypto industry to support the future visionaries of Web3.

New Web3 Venture Studio Decent Labs Launches At $56M Valuation

Web3-focused venture studio Decent Labs has raised an initial on-chain investment of $10 million to launch a DAO at a $56 million.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

New Web3 Venture Studio Decent Labs Launches At $56M Valuation

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