Hashed, a Korean blockchain VC agency, has introduced the launch of Hashed Enterprise Fund II, a brand new fund that can concentrate on investing in Internet 3.0-based startups. The fund raised $200 million for these investments, and whereas the corporate didn’t disclose those that participated, it did announce it is going to be scaling operations to have a extra world impression.
Hashed Centered on Internet Three Investments
Hashed, one of many largest blockchain-based VC corporations in Korea, has introduced the launch of a brand new fund that can concentrate on Internet 3.Zero investments. Hashed disclosed its new fund, known as Hashed Enterprise Fund II, would open with $200 million obtainable to incubate startups in the Internet 3.Zero enviornment, together with play-to-earn initiatives and decentralized finance corporations.
With this fund, Hashed desires to broaden its affect and attain a world scale, connecting with creators in locations not contemplated earlier than. Hashed’s announcement, written by associate Baek Kim, states:
We’re fastidiously scaling our impression in key markets. Along with our Seoul and San Francisco workplaces, we’re increasing our Singapore workplace.
To realize this, Hashed can also be revamping its government construction, selling two of its earliest collaborators, Sean Hong and Baek Kim, to normal companions.
Key Areas for Funding
Whereas the corporate didn’t disclose the buyers behind this new fund, it did present the final pointers that can apply to the investments of the initiative. The funds might be directed to corporations in three key areas: the metaverse, open finance, and internet 3.Zero infrastructure.
The corporate has invested in play-to-earn initiatives and metaverse-based video games akin to The Sandbox and Axie Infinity earlier than, so this announcement is not any shock in this subject. What’s extra fascinating is the main target of the corporate on constructing internet 3.Zero infrastructure that might presumably be utilized by different protocols. The Hashed announcement harassed:
We are going to concentrate on fixing issues that enhance end-user experiences, designing extra participating metaverse video games, and making web3 companies safer for mass adoption.
The corporate can also be engaged on a number of play-to-earn experiences of its personal, designed by UNOPND, a sibling gaming firm. That is the second fund Hashed has opened in lower than a yr, with the final one elevating $120 million for related investments. At the moment additionally, the corporate declined to reveal the buyers behind the deal.
What do you consider Hashed’s $200 million internet 3.Zero funding fund? Inform us in the remark part under.
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