NxGen.xyz

NxGen.xyz, based in Dubai, United Arab Emirates, positions itself as a distinctive "social capital collective" within the Web3 ecosystem. Unlike traditional venture capital firms, NxGen.xyz emphasizes leveraging its extensive network of founders, builders, and investors to provide more than just financial capital. Its core mission is to "open any door in Web3" for early-stage startups, offering strategic guidance, talent acquisition support, and crucial partnerships alongside investment. This community-driven approach aims to accelerate the growth of promising Web3 ventures by connecting them with the right resources and expertise.

The collective primarily focuses on early-stage Web3 startups, spanning various sub-sectors such as blockchain infrastructure, decentralized finance (DeFi), gaming (GameFi), metaverse projects, and NFTs. NxGen.xyz seeks to identify innovative teams building foundational technologies or disruptive applications within the decentralized web. Beyond capital, their value proposition lies in their ability to provide unparalleled access to a global network. This includes facilitating introductions to potential co-investors, strategic partners, and key industry players, which is particularly valuable in the rapidly evolving and interconnected Web3 space. They aim to be an active, hands-on partner rather than a passive investor.

As of late 2023, NxGen.xyz has made at least 10 investments, with 1 identified as a lead investment, according to public data. Their portfolio reflects a diverse interest across the Web3 landscape, including notable projects like Kryptomon, MetaverseGo, PlayZap Games, and Blocktopia. While specific check sizes are not publicly disclosed for every deal, their participation in seed rounds suggests initial investments typically range from $100,000 to $1,000,000. This range allows them to support a broad spectrum of early-stage projects, from nascent concepts requiring initial validation to more developed prototypes seeking to scale. Their strategy appears to be one of strategic participation, often co-investing with other prominent Web3 funds to maximize collective impact.