With the world gradually transitioning to the Web 3.0 model, a diverse range of blockchain gaming platforms, fintech solutions, and Web3 projects are flooding the market. To help this burgeoning market expand further, Singapore-based fintech platform Cake DeFi, known for its decentralized finance (DeFi) services and applications designed to lower entry barriers, has announced the launch of its corporate venture arm. Titled Cake DeFi Ventures (CDV), the fund will initially be seeded with $100 million. Cake DeFi Ventures (CDV) aims to deploy the $100 million fund to invest in promising global tech startups covering Web 3.0, Metaverse, NFTs, gaming, eSports, and fintech.
