Bessemer Venture Partners threw its hat in the Web3 ring on Thursday, announcing a $250 million commitment to invest in founders building the future of crypto, NFTs, and DeFi — and a DAO to support them.
Why it matters: If a VC doesn't have a dedicated crypto fund these days, it at least has to have a crypto strategy. This is Bessemer's way of reminding the market that it, too, wants to put money into web3 startups.