Archetype forms $100 million early-stage fund…invests in on-chain infrastructure and RWA

Crypto (cryptocurrency) venture capital Archetype has raised more than $100 million to form its third early-stage fund, 'Archetype III.'

According to Cointelegraph on the 24th (local time), the fund includes participation from institutional investors such as pension funds, university endowments, family offices, and sovereign wealth funds, and plans to focus on supporting stablecoin, on-chain infrastructure, and real-world asset tokenization (RWA) projects. Archetype has previously invested in numerous crypto companies including Monad, Privy, Farcaster, Relay, and Ritual.

The capital will be deployed across various areas including stablecoin payment solutions, on-chain social networks, decentralized physical infrastructure networks (DePIN), mobile applications, and crypto-based artificial intelligence (AI). Ash Egan, Archetype founder and managing partner, said, "Blockchain is becoming the foundation of global commerce, and the crypto industry's ChatGPT moment will emerge on high-performance on-chain infrastructure and new creative tools."

Crypto venture investing has had mixed results in recent years, but the market is avoiding meme coin and presale investments from the 2021 bull market and concentrating on projects with validated revenue models. In the first half of this year, Bitcoin DeFi projects raised $175 million across 32 deals, $28 million was invested in a stable blockchain to expand a Tether-based payment network, and $22 million was invested in French fintech Spiko, which offers a tokenized money market fund.

Global crypto venture investment in Q2 this year reached $10.03 billion, the highest level since $16.64 billion in Q1 2022.