FinTech news in barry silbert category

The division is backed by Barry Silbert Digital Currency Group and the blockchain protocol NEAR (from which OWC previously spun out), Jeff Lavoie, head of investments at OWC Ventures, said to journalist. Open Web Collective, a blockchain and web3 accelerator, has launched a new division called OWC Ventures to invest in early-stage crypto startups, the team exclusively told journalist. Aside from investing in developers, OWC Ventures will also deploy capital in other sectors like DeFi, SocialFi and gaming, Lavoie said. NEAR protocol’s focus has been on improving developer language, documentation, the technology and other things they’ve created, Lavoie said.

With these funds focusing solely on crypto and its surrounding ecosystem and investing more in these startups than traditional fintechs at the moment, why is Luno Expeditions choosing a dual focus on crypto and fintech instead of going head-on with crypto?