March 24, 2023

Wagmi Venture Studio raises €3M to build web3 & AI startups

We are creating web3 experiences that democratize opportunity and ownership of the internet.

Wagmi Venture Studio raises €3M to build web3 & AI startups

Since the advent of computing in the 1940s, there has been a major computing cycle every 10-15 years, including PCs in the ‘80s, the internet in the ‘90s, and mobile computing in the ‘00s. We believe blockchains will power the next major computing cycle, which we call web3.

Most computing cycles have “golden eras” when the right mix — including new talent, viable infrastructure, and community knowledge — comes together. For example, with mobile computing, the golden era was 2009-11, when companies like Uber, Venmo, Snap, and Instagram were started. Golden eras are when legendary teams are formed, big ideas are hatched, and great products get built.

We think we are now entering the golden era of web3 & AI.

Programmable blockchains are sufficiently advanced, and a diverse range of apps have reached tens of millions of users. More importantly, a massive wave of world-class talent from companies like Meta, Google, Amazon, etc has entered web3 over the last year. They are brilliant and passionate and want to build a better internet.

Also, artificial intelligence has the potential to transform nearly every industry by automating tasks, improving decision-making, and increasing efficiency. With advancements in machine learning and natural language processing, AI has become increasingly sophisticated and capable of handling complex tasks. This has led to the development of AI-powered products and services that can provide personalized experiences, optimize operations, and reduce costs. As more data is generated and processed, the potential for AI to create value and drive innovation will only continue to grow.

That’s why we decided to launch Wagmi, a web3 venture studio. Wagmi is going to build the next generation of infrastructure companies to drive blockchain & AI adoption. We bring together visionary ideas, exceptional talent, and investment capital to build world-changing companies.

I’ve raised 3.000.000€ from Inveready, Bit2Me and other investors. We’re going to use these funds to launch four web3 startups during the next two years. We are excited about opportunities in DeFi, Generative AI, decentralized social media, self-sovereign identity, tools for web3 companies, DAOs & governance, NFT communities, privacy, creator monetization, regenerative finance, decentralized content & story creation, and many other areas.

We want to convince the best entrepreneurs to launch opportunities that we really believe can change the world.

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