On August 29th, Web3 infrastructure company MoonPay established an investment department that will focus on early-stage startups in the Web3, gaming, and related fintech fields. The investment firm is called MoonPay Ventures and will primarily invest between $100,000 and $1 million, targeting seed and Series A funding. Abhay Mavalankar, Vice President of Corporate Development and Investment at MoonPay, stated that the fund has already invested in over 25 companies, including BCB Group, Ledger, BRUT, BeatClub, absolute labs, Create/OS, BridgeTower Capital, and Mythical Games.