# Phase 1. Sky Hedge Fund

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The Sky Hedge Fund is the governing body that oversees Sky Web3 Vision. Initially an independent organization with a strong core membership, it aims to transition to a community-driven protocol in the medium term.

Sky Hedge Fund has the potential to benefit many users at a level that has never been seen before.

#### Roles of Sky Hedge Fund The Sky Hedge Fund will have the following roles:

1. Development and operation of three web services to be released in the future
2. Management of funds in custody and proceeds (with a financial license)