#加密货币监管政策发展 The establishment of this new fund is undoubtedly a positive signal for the development of the Web3 ecosystem. The $300 million scale demonstrates institutional investors' confidence in early-stage crypto and Web3 infrastructure projects. Of particular interest is their focus on blockchain systems that can seamlessly interact with modern tech stacks, which could accelerate the mainstream adoption of Web3 technologies. In terms of capital flow, AI agents and DePIN are likely to become future hotspots. However, given the still uncertain regulatory environment, how these projects balance compliance and innovation will be a key challenge. Continuous monitoring of the progress of these invested projects is necessary to assess their actual impact on the entire ecosystem.