About EnigmaFund
EnigmaFund, a venture capital fund founded in 2019 by Enigma, a technology founder, advisor, and investor with over 20 years of experience in decentralized technologies and approaches, as well as AI, and infrastructure, announces its continued commitment to driving innovation and investment in the Web3 space. From its origins as a smaller personal fund, EnigmaFund has evolved into a significant and highly active player in the crypto venture ecosystem. Since its inception, the firm, has made strategic investments in several notable companies in the top 50 cryptocurrencies by market capitalization (portfolio). "In 2016, I had already been deeply involved in leading Web2 companies driven by a thesis in decentralization for a decade. When I was introduced to crypto and blockchains, it just made instant sense to everything I believed in," shares Enigma, underlining their commitment to the Web3 revolution. EnigmaFund is pleased to announce its forthcoming extension to the main fund, which will open doors for high-net-worth individuals and other funds to access the fund's exclusive deal flow. This expansion demonstrates EnigmaFund's commitment to democratizing access to the world of Web3 investments. The fund has gained a reputation for its multifaceted approach, intertwining both investment and advisory roles. According to EnigmaFund, a remarkable 70% of the fund is allocated to companies they advise, aimed at helping founders achieve parabolic outcomes in various areas while steering clear of costly mistakes. Enigma explains, "Many founders in Web3 are young and seek guidance from sources with motivations that are not aligned with the project's best interests, creating adverse effects for everyone involved. Some of the biggest areas of recurring concern are rampant spending on unmeasurable marketing, lack of investment in assets that work hard for them during downtime (storytelling, go-to-market, positioning), poor tokenomic design, modeling, utility, and sustainabi