PANews reported on March 12 that according to official news from Jsquare, during ETHDenver, Jsquare co-founder and Pioneer Fund venture partner James Wo announced the official launch of Pioneer Fund Phase I at the "Proof of Brew: Tasting the Crypto" event hosted by the company. The fund has a size of US$50 million and focuses on investing in Web3 fields such as AI, consumer applications, RWA, DeFi, and PayFi.
Joanna Liang, founding partner of Jsquare, said that the launch of Pioneer Fund is an important milestone in promoting the growth of the blockchain ecosystem, marking the fund's entry into open and compliant operations, which is in line with the market expansion trend. She emphasized that Jsquare will not only provide financial support, but will also provide strategic guidance to the project through its global network and resources to help it become an industry leader.
