🚀 Asian Firms Commit $100 Million to Boost Web3 Sector

posted  22 Dec 2023
Photo - Asian Firms Commit $100 Million to Boost Web3 Sector
South Korean gaming giant Wemade has teamed up with Singaporean private investment firm Whampoa Digital in a collaborative effort to bolster the Web3 sector. The partnership entails the creation of a $100 million fund dedicated to this initiative.

“Both parties will engage in mutual deal and project referrals, particularly in the Web3 industry, and potentially co-invest in promising projects,” stated Wemade representatives.

The fund is intended to enhance the adoption and popularization of digital assets in a range of fields. For example, Wemade has already declared its support for Web3 developers at the Wemix Play Center in Dubai.

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