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Kala, who relies in Miami, believed on this thesis so strongly that she doubled down on it, launching an early-stage Web3 fund known as, nicely, “Double Down.” (A nod, in fact, to blackjack.) In late 2022, Kala raised $30 million for the fund (whose backers embody blue-chippers together with Chris Dixon and Marc Andreessen), and she or he now focuses on Web3 tasks that influence shopper tradition. “My overarching thesis has all the time been in regards to the why and the way individuals spend their time, cash, and a spotlight,” says Kala. Folks more and more spend their money and time on-line. Web3 (in principle) lets them do it higher and with extra possession.
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