Re7 Capital Invests $10 Million in Social Media-Focused DeFi Projects

Re7 Capital, a prominent crypto investment firm, has launched a dedicated $10 million fund to support early-stage startups operating at the intersection of decentralized finance (DeFi) and social media platforms. This initiative will be spearheaded by Luc de Leyritz, who joined Re7 after a stint at Cherry Ventures. Leyritz believes SocialFi represents the most promising investment area within crypto right now, though this view is not yet widely accepted in the market.