Polygon founder launches $50 million early-stage Web3 fund

Headed up by Polygon’s Sandeep Nailwal and Cere Network founder Kenzi Wang, Symbolic Capital launched in May, but today announced that despite the crypto market crashing, it has raised $50 million to plug into early-stage Web3 companies.

Symbolic said it plans to focus on backing startups building consumer-facing decentralized apps.