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Animoca Ventures has proposed a new fund, ApeCoin Ventures, in partnership with ApeCoin DAO, with the aim of investing in Web3 startups, especially those projects that can be integrated into the ApeCoin ecosystem in order to enhance their value and impact. The fund, totaling $10 million, with each party contributing $5 million (ApeCoin DAO in APE tokens and Animoca Ventures in USD), will focus on supporting seed and Series A projects. The proposal is currently open for voting with 83.49% support and is expected to close on August 1
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