Bankless Ventures is an early-stage Web3 venture capital firm, co-sponsored by Bankless founders David Hoffman and Ryan Sean Adams. The firm focuses on investing in innovative startups pioneering advancements in the blockchain space, with a strong emphasis on decentralized finance, Web3, NFTs, and the metaverse. They target investments primarily in the pre-seed, seed, and Series A stages, aiming to provide not only capital but also strategic support to help startups grow. The firm leverages its association with the Bankless brand to enhance its outreach and impact within the industry, with a mission to onboard one billion people to crypto. They launched their first fund with an initial size of $35 million in 2023 and are currently raising Fund II with a target of $50 million.