MON Protocol launches a new investment fund MON Ventures, led by 500 Global.

Web3 intellectual property (IP) and game publisher MON Protocol has launched a new investment fund MON Ventures, led by 500 Global, focusing on seed-stage and pre-TGE investments in blockchain games and infrastructure. The fund is led by former executives from Ubisoft, Sony, EA, and will support global blockchain game studios.

It is reported that 500 Global is one of the first partners of MON Ventures, having previously invested in companies like Reddit and Solana.