GnosisDAO, the decentralized governance platform behind the Gnosis Chain, has approved a $40 million venture fund to accelerate early-stage blockchain projects, with a focus on Real World Assets (RWA).
The Web3 firm announced yesterday (October 23) that GnosisDAO will contribute $20 million to the fund, while the other $20 million will come from external limited partners (LPs).
The fund has been given the title ‘GnosisVC Ecosystem’ and will focus investments on projects working on RWA tokenization and decentralized infrastructure (DePIN).
“We have put a lot of thought into composing a team that combines expertise in investments, legal structuring, fund management, quantitative modeling at hedge funds as well as DeFi from both a technical and financial perspective, said Stefan George, co-founder of Gnosis.
He said that the DAO now has a “more targeted investment strategy aligned with the Gnosis 3.0 thesis.”
How Will Gnosis 3.0 Thesis Be Brought to Life Through Gnosis VC Ecosystem RWA Pivot?
Gnosis 3.0 was announced in March 2024. It aims to focus on infrastructure, from nodes to artificial intelligence, decentralized computing and storage, and payments middleware around its Gnosis Pay platform.
At launch, the fund is already invested in projects like Monerium, an on-chain fiat infrastructure for Web3 builders; Naptha AI, a decentralized platform for AI workflows; and Schuman Financial, a MiCA-compliant stablecoin protocol. Since 2019, GnosisVS has invested in over 60 startups.
The Gnosis ecosystem has existed since 2015. Originally an Ethereum-based prediction market platform, it evolved to financial infrastructure solutions like Gnosis Pay and spun off projects such as the multisig wallet Gnosis Safe, now known as Safe. The Gnosis chain has a Total Value Locked (TVL) of more than $268 million, per DefiLlama data.
(Source)
Likely Gnosis DePIN Project Pick – ValiDAO ($VDO)
1 mil TIA added to aud this morning 😈 $VDO is sub 10 mil mc with around 30 mil in TVL, maybe one of the last true hidden gems that are going to go nuclear this cycle once everyone wakes up and smells the roses 🌹
— CRYPTOHUNT (@Huntlovesmoney) October 16, 2024
ValiDAO operates infrastructure services for an on-chain world. Currently, it runs validators, RPCs, IBC relayers, DA nodes, and other services. It is all carried out from bare metal in Iceland and other underrepresented jurisdictions.
It is a self-funded start-up DePIN project with a small team and a loyal community. It validates multiple high-profile chains despite ValiDAO being a small player in the space. This includes; Celestia (TIA), Dimension (DYM), Axelar (AXL), and Eigenlayer (EIGEN).
The team’s website has an open and transparent page that shows a complete breakdown of its treasury holdings and assets under management (AUM). In total, over $23 million has been delegated across all ValiDAO validators, including $100,000 of self-stake and their own assets worth $880,000.
This is a truly under-the-radar project within the DePIN space. VDO’s market cap is less than $4 million, which seems massively undervalued when considering this project has over $20 million in AUM. With the decentralized infrastructure sector heating up, do not be surprised to see VDO’s market cap start to bridge the gap toward its AUM value.
Likely Gnosis RWA Project Pick – Landshare ($LAND)
$LAND @Landshareio setup looks primed for a multi-month downtrend breakout 📈 Their third-party #tokenization will lead to an increase in property listings soon.
This isn’t just another feature—it’s a game-changer leading to significant property expansion and ultimately… pic.twitter.com/FyIVZjZg4i
— Shelby (@CryptoNewton) October 24, 2024
Landshare (LAND) has nearly four years of real estate tokenization to its name while still being a low-cap, low-supply RWA token built on the Binance Smart Chain. It looks set to ride the RWA wave as it enables retail investors to participate in crowdsourced real estate buys, renovations, and eventual sales.
On a chain mostly known for its meme coins, Landshare stands out as one of the premier RWA projects on the Binance Smart Chain. By simply holding the token, investors can buy and hold shares in rental properties. This is an alluring proposition for those looking for decentralized passive income and real estate exposure.
LAND is currently trading for around $1.28 per token and has a market cap just shy of $5 million. similar to ValiDAO as a DePIN project, Landshare represents a truly undervalued microcap within the RWA sector.
Just to see a return to previous highs, Landshare offers a near 10x return on investment. From that point, it would be entering price discovery, and likely during the peak of the upcoming bull market. Therefore, potential price targets could easily reach the triple-digits if the RWA sector blows up, as many analysts are expecting.
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