According to online reports, Re7 Capital announced the establishment of a US$10 million SocialFi special fund aimed at investing in about 30 early-stage projects. Although development in the field is currently slow, Re7 partner Luc de Leyritz said that "the time is ripe" and infrastructure, talent and user behavior have reached a resonance. The fund will invest in the form of first-round checks of US$100,000 to US$300,000, focusing on supporting emerging SocialFi platforms in ecosystems such as Lens Chain and Farcaster. 60% subscription for the first round of funds has been completed.