Re7 Capital has established a $10 million SocialFi fund, intending to invest in approximately 30 start-up projects

According to The Block, Re7 Capital announced the establishment of a $10 million SocialFi dedicated fund aimed at investing in approximately 30 early-stage projects. Although the development of this field is still slow, Re7 partner Luc de Leyritz stated that "the time is ripe" and infrastructure, talent, and user behavior have reached resonance. The fund will invest primarily in the form of first round checks ranging from $100000 to $300000, with a focus on supporting emerging SocialFi platforms in ecosystems such as Lens Chain and Farcaster. The first round of funding has completed 60% of the subscription.