Korean incubator Hashed collects $ 200 million for Web 3.0 investments-
Korean incubator Hashed collects $ 200 million for Web 3.0 investments-
hashed, a Korean blockchain VC company, has announced the laying of the Hashed Venture Fund II, a new fund that will focus on investments in Web 3.0-based startups. The fund collected $ 200 million for these investments, and although the company did not announce the participants, it announced that it would scale its activities to achieve a more global effect.
Hashed with focus on web-3 investments
hashed, one of the largest blockchain-based VC companies in Korea, has announced The laying of a new fund that will concentrate on Web 3.0 investments. Hashed announced that his new fund called Hashed Venture Fund II is available with $ 200 million to incubate startups in the Web 3.0-Arena, including Play-to-Eearn initiatives and decentralized financial companies.
With this fund, Hashed would like to expand its influence and achieve a global range by contacting creators in places that had not previously occurred. In Hashed's announcement, written by Partner Baek Kim, it says:
We carefully scale our influence in key markets. In addition to our offices in Seoul and San Francisco, we are expanding our office in Singapore.
To achieve this, Hashed also revises his management structure and promotes two of his first employees, Sean Hong and Baek Kim, to complementary ones.
Key areas for investments
While the company did not announce the investors behind this new fund, there were the general guidelines that will apply to the investments of the initiative. The funds flow to companies in three focus areas: the Metaverse , open finance and web 3.0 infrastructure.
The company has already invested in Play-to-Earn initiatives and meta-severse-based games such as The Sandbox and Axie Infinity, so this announcement is not a surprise in this area. The company's focus is more interesting on building a Web 3.0 infrastructure, which could possibly be used by other protocols. The Hashed announcement emphasized:
We will focus on solving problems that improve the final user experience, develop more appealing meta-verse games and make web3 services more secure for mass acceptance.
The company also works on several of its own play-to-ear experience, which was developed by Unopnd, a sibling game company. This is the second fund that Hashed opened in less than a year, with the last Similar investments. At this point, too, the company refused to disclose investors behind the deal.
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