PANews On November 2, according to Venturebeat, Web3 data and entertainment company Redacted Group announced the launch of a new early-stage crypto fund, Redacted Fund, to support Web3 startups and game developers. The fund is supported by Saison Capital, Expert Dojo and Frekaz Group. Currently, part of the funds have been invested in seven initial projects in the Redacted ecosystem, namely: Biptap, LegendaryWeb3, Hub.xz, Numa social, Spaace.io, Ammalgam and iAgentProtocol.

Redacted Fund will mainly provide assistance in listing strategy and token economics development. It is reported that the fund will soon launch the token RDAC and allocate a portion of the tokens to Redacted Fund's investment portfolio as an additional incentive to promote growth, using RDAC tokens to improve and iterate products while verifying product-market fit.

Earlier news, Web3 entertainment and gaming platform Redacted completed a US$10 million financing. Spartan Group co-led the investment, and other participants included Saison Capital, Animoca Brands and Polygon Ventures .