• Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
Friday, January 27, 2023
No Result
View All Result
Our Bitcoin News
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
No Result
View All Result
Our Bitcoin News
No Result
View All Result

HashKey Capital Raises 65 Billion Yen With Web3 Fund

by Kurt Ebenzer
18 January 2023
Solana (SOL) -based NFT exchange Magic Eden launches Web3 game investment division
Share on FacebookShare on Twitter

HashKey Capital Raises 65 Billion Yen

In 2023, as the total market capitalization of the crypto asset (virtual currency) market recovered to nearly $1 trillion ($986 billion) as of the 17th, new cases of VC investment in the cryptocurrency sector were confirmed. .

On the 17th, Asia-based cryptocurrency-focused asset management firm HashKey Capital announced that it had completed raising approximately 65 billion yen ($500 million) in a new fund, FinTech Investment Fund III. . It is said that it has gained support from customers such as sovereign wealth funds, corporations and family offices.

HashKey operates in Hong Kong and Singapore, and has a growing presence in Japan and the United States. Since its founding in 2018, it has managed over $1 billion in client assets. Past investments include L1 chains Cosmos (ATOM) and Polkadot (DOT), L2 network Aztec, trading platforms dydx and Coinlist, and Web3 giant Animoca Brands.

FinTech Investment Fund III will invest in infrastructure, tools and applications that will be incorporated into real use cases with the theme of mass adoption of Web3. Deng Chao, CEO of HashKey Capital, said:

The Group was an early proponent of cryptocurrencies and blockchain technology and is pleased to continue this responsibility and work with our partners to set the gold standard for sustainable growth in the industry.

What is Web3

The current centralized web is defined as Web 2.0, and refers to an attempt to realize a non-centralized network using blockchain. A typical feature is the use case of decentralized networks such as blockchain, such as access to dApps using virtual currency wallets.

▶️Cryptocurrency Glossary

Web3 game Intella X raises 1.6 billion yen

On the 18th, it was revealed that the Web3 game platform “Intella X” launched by South Korean online game company Neowiz and Polygon (MATIC) has raised approximately 1.57 billion yen ($12 million).

Get ready to maximize your gaming experience 🎮🚀@Newiz Westthe South Korean gaming giant, just raised $12M in private funding for their #Web3 platform gaming, IntellaX by @Team Intella 🤯

AND it’s launching #onPolygon 💜 in Q1 2023 🗓️https://t.co/YVaR0BuoFe pic.twitter.com/2kbugA6exA

— Polygon Gaming (@PolygonGaming) January 18, 2023

Participating organizations in Intella X include Polygon, Animoca Brands, NFT electronic marketplace Magic Eden, investment firm Big Brain Holdings, Crit Ventures and Global Coin Research.

Intella X is a next generation gaming platform with a cryptocurrency wallet, digital asset launchpad and trading marketplace. The aim is to attract a large number of new users to Web3 by improving the user experience.

It not only rewards game developers and users who contribute to its own ecosystem with its own tokens, but also distributes the revenue generated by the platform.

Intella X will launch in Q1 and will also release multiple games at the same time. According to the official website, there is also a game of the NFT (non-fungible token) project “Early Retired Cats Club” that utilizes the IP of Neowiz’s popular mobile game “Cats and Soup”.

Over the past year, Polygon has been partnered with and hired by a number of major companies. Major brands such as Starbucks, Coca-Cola, Disney, Nike, and Instagram have launched NFT projects on Polygon, creating network effects.

On the 18th, the blockchain game “Synergy Land” developed on the basis of Solana (SOL) announced plans to migrate to Polygon (MATIC).

Relation:Bitcoin investment trust GBTC’s “negative divergence”, the background of the rebound

Comment and get BTC

Previous Post

Discussing the progress of the tokenized economy | Davos Conference 2023

Next Post

Bank of Japan monetary policy meeting, “yen depreciation, dollar strength” sharp rise due to continued easing Nikkei Stock Average and yen-denominated Bitcoin rise

Kurt Ebenzer

Kurt Ebenzer

Kurt is an experienced writer with vast experience in documentation and interpretive math. His path to crypto journalism starts with Ourbitcoinnews and he hopes to shine new light in the noisy crypto media space.

Related Posts

DEA releases collaboration NFT with popular mahjong game “Idol Janshi Suchie-Pai”

DEA’s NFT Marketplace Allows Buying With Fiat Currency

by Kurt Ebenzer
27 January 2023

Introduced fiat currency settlement to the NFT market Digital Entertainment Asset Pte. Ltd. (DEA), a global developer of the GameFi...

BuzzFeed Stock Soars 119% After OpenAI Content Boost

BuzzFeed Stock Soars 119% After OpenAI Content Boost

by Kurt Ebenzer
27 January 2023

BuzzFeed Stock Soars Following a report that US digital media company BuzzFeed plans to provide content using AI (artificial intelligence)...

Huobi Japan starts handling pallet token (PLT) | coindesk JAPAN

Huobi Japan starts handling pallet token (PLT) | coindesk JAPAN

by Damien Martin
27 January 2023

Huobi Japan, a crypto asset exchange, announced on January 27 that it will start handling Palette Token (PLT) deposits and...

No Result
View All Result

Recent Posts

  • DEA’s NFT Marketplace Allows Buying With Fiat Currency
  • BuzzFeed Stock Soars 119% After OpenAI Content Boost
  • Huobi Japan starts handling pallet token (PLT) | coindesk JAPAN
  • Ethereum L2 Demand Increases, Optimism Token Hits Record High
  • Polkadot-Developed Web3 Foundation Says ‘DOTs Are No Longer Securities’
Our Bitcoin News

© 2021 Our Bitcoin News

Navigate

  • Home
  • Press Release
  • Sponsored
  • Our Journalists
  • Advertise
  • Editorial Policy
  • Privacy Policy
  • Terms & Conditions

Follow Us

No Result
View All Result
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners

© 2021 Our Bitcoin News