Vernal
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Web3 fund ABCDE pauses new investments to focus on existing projects and incubator launch
#ABCDE , a $400 million #Web3 investment fund, is halting new investments and fundraising efforts, shifting focus to supporting its existing portfolio and launching a new crypto incubator called #Vernal .
Co-founder Du Jun announced the decision on April 19, stating the fund will prioritize post-investment support and exit strategies for its current projects. He also noted a personal shift toward strategic, long-term value creation through deeper project incubation.
#ABCDE , a $400 million #Web3 investment fund, is halting new investments and fundraising efforts, shifting focus to supporting its existing portfolio and launching a new crypto incubator called #Vernal .
Co-founder Du Jun announced the decision on April 19, stating the fund will prioritize post-investment support and exit strategies for its current projects. He also noted a personal shift toward strategic, long-term value creation through deeper project incubation.
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