SBI launches $660 million Web3 venture capital fund is just the tip of the iceberg, taking stock of recent big capitals entering the market.

SBI Unveils $660 Million Web3 Venture Capital Fund A Major Indicator of Increased Capital Flow in Emerging Markets

The cryptocurrency market has recently experienced a significant uptrend. This is evident not only in the increase in market value but also in the significant recovery of investor confidence and the increase in market activity. Especially in the field of Web3 and decentralized finance (DeFi), we have witnessed a series of innovations and developments that are attracting the attention of venture capitalists worldwide. They are not only looking for new investment opportunities but also actively exploring how to secure advantageous positions in the future market.

Behind this trend is the widespread recognition of the potential of blockchain technology and the confidence in digital currencies as an important component of the future of finance. As the technology continues to mature and the application scenarios expand, the cryptocurrency market is gradually becoming the focus of global investors, heralding a more diverse and innovative financial future.

This article will provide a detailed review of recent fund news in the cryptocurrency field, explore the underlying meanings behind these dynamics, and discuss their potential impact on the future market direction, providing readers with a unique market perspective.

GFR Fund III Raises $53.5 Million, Focusing on Metaverse Investments

Event summary: On November 7, 2023, GFR Fund, a venture capital firm based in San Francisco, announced the successful fundraising of $53.5 million for its third fund, “GFR Fund III.”

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Investment focus: The fund will focus on investments in generative AI, gaming, entertainment, and emerging digital-native communities. Specifically, about one-third of the investments will be allocated to gaming content and technology companies, another third will be focused on emerging entertainment companies, including those involved in generative AI. The remaining third will be invested in consumer tech companies.

Investment portfolio and strategy: GFR Fund has made several investments in the crypto ecosystem, including fashion metaverse data analytics company Geeiq, Web3 collectibles market and platform Collectibles, metaverse AI animation tool development company Any World, NFT social platform Based, and crypto streaming platform Stacked. In addition to investing in gaming companies, GFR Fund III will also focus on non-gaming startups and plans to invest in regions outside the United States, such as Europe, Asia, or Africa.

Ninety Eight Launches $25 Million Ecosystem Fund

Event summary: On November 7, 2023, Web3 innovation company Ninety Eight announced the launch of a $25 million ecosystem fund. This move marks an important milestone for the company after rebranding from Coin98 Finance to Ninety Eight, demonstrating its strong commitment to the Web3 field and its steadfast confidence in future development.

Investment goals and strategy: The main objective of this fund is to promote the growth and development of Web3 startups in the Asian region. Asia, as a vibrant and innovative market, has tremendous potential and a diverse technological innovation environment. Ninety Eight, through this fund, will provide funding support and resource sharing for emerging companies in the blockchain technology and digital currency field, particularly those with groundbreaking innovation in decentralized finance, smart contracts, NFTs, and related technologies.

Long-term impact: This initiative by Ninety Eight not only injects new vitality into the Web3 ecosystem in Asia but also provides new perspectives and possibilities for the global development and application of blockchain technology. By supporting these startups, Ninety Eight aims to drive the entire blockchain industry towards greater efficiency, security, and scalability, while creating more value for investors and users.

Dora Ventures Launches Appchain-themed Fund, Focusing on High-quality Public Chain Projects

Event overview: On November 8, 2023, Dora Ventures announced the successful fundraising of its risk investment fund, Dora Ventures, with Appchain as the theme. Although the specific amount was not disclosed, this achievement marks an important progress for Dora Ventures in the field of blockchain investment.

Investment focus and strategy: Dora Ventures Fund will primarily invest its capital in leading Appchain and its related infrastructure. Appchain, as an emerging blockchain architecture, focuses on providing more efficient and flexible application layer solutions. This investment strategy reflects Dora Ventures’ deep insight into the future development direction of blockchain technology, especially in improving the scalability and performance of blockchain applications.

Industry impact and prospects: Dora Ventures’ investment initiative is not only significant for the development of Appchain technology, but also brings new vitality to the entire blockchain ecosystem. By supporting these innovative technologies, Dora Ventures is expected to drive the wider application of blockchain technology in various industries, particularly in the development and deployment of decentralized applications (DApps). Additionally, this fund will also provide investors with opportunities to explore this emerging field, foreshadowing potential new trends and innovative directions for blockchain technology in the future.

NetEase Games Launches $15 Million BTC NEXT Fund, Focusing on Bitcoin Network Ecosystem

Event overview: On November 8, 2023, NetEase Games, a Hong Kong-listed company, announced the launch of BTC NEXT, a $15 million investment management fund focused on the Bitcoin network ecosystem. This move signifies NetEase Games’ active layout in the cryptocurrency field and its strong confidence in the Bitcoin ecosystem.

Investment Focus and Strategy: BTC NEXT Fund is defined as a seed fund, focusing on investing in emerging cryptographic assets within the Bitcoin network ecosystem. This includes various types of asset issuance protocols, trading markets, scaling solutions, virtual machines, NFTs, tokenization of real-world assets (RWA), and GameFi games, among other areas. Blue Harbour Interactive’s strategy aims to explore and leverage the innovative potential within the Bitcoin network ecosystem, promoting the diversified development of the cryptocurrency market.

Industry Impact and Outlook: Through the establishment of BTC NEXT Fund, Blue Harbour Interactive not only embraces the Web3 field but also promotes the innovative value based on the Bitcoin network ecosystem within the Hong Kong capital market. The fund’s establishment is seen as an important step in driving innovation in blockchain technology and cryptocurrency markets, indicating a broader application and development of cryptocurrency assets. Additionally, Blue Harbour Interactive plans to regularly disclose its cryptocurrency investment portfolio, providing transparency and new opportunities for investors to participate in the Bitcoin network ecosystem.

Japan’s SBI Group Launches $660 Million Venture Capital Fund Focusing on Web3 and AI

Event Summary: On November 9, 2023, renowned Japanese financial giant SBI Holdings announced plans to launch a venture capital fund with a size of up to $660 million (approximately 100 billion Japanese yen) within 2023. The establishment of this fund is an important initiative by the SBI Group in the Web3 and artificial intelligence (AI) fields, aiming to drive technological innovation and business development in these areas.

Investment Focus and Strategy: SBI Group’s fund will focus on investing in early-stage companies in the fields of Web3, AI, and metaverse. It is expected to support 150 to 200 different-stage startups with investment amounts ranging from hundreds of millions to tens of billions of yen. This strategy reflects SBI Group’s long-term commitment to emerging technology fields and support for innovative enterprises.

Industry Impact and Outlook: The establishment of this fund by SBI Group not only provides important financial support for Web3 and AI startups in Asia and globally but also injects new vitality into the entire industry’s development. The fund has received support from well-known financial institutions, including Sumitomo Mitsui Banking Corporation, Mizuho Bank, Japan Life Insurance, and Daiwa Securities Group, further demonstrating the financial sector’s recognition of the future development potential of Web3 and AI technologies. Through this fund, SBI Group is expected to promote technological innovation globally and provide a nurturing environment for emerging enterprises.

Standard Chartered Bank and SBI Collaborate to Launch a Cryptocurrency Fund Worth $100 Million

Event Overview: On November 9, 2023, SC Ventures, the investment arm of international financial giant Standard Chartered Bank, announced a partnership with Japanese financial group SBI Holdings to establish a $100 million cryptocurrency fund in the United Arab Emirates. This joint venture fund represents an important collaboration between the two financial institutions in the cryptocurrency field.

Investment Focus and Strategy: The fund will focus on investing in cryptocurrency startups in the fields of decentralized finance (DeFi), tokenization, infrastructure, payments, and metaverse. Its goal is to make investments globally, covering companies from seed to Series C financing stage. This strategy reflects the optimism of Standard Chartered and SBI on the potential of the cryptocurrency market and their proactive attitude towards driving financial technology innovation.

Industry Impact and Outlook: The joint venture fund between Standard Chartered and SBI not only provides crucial financial support for cryptocurrency startups, but also adds confidence to the development of this emerging market. Through this fund, the two companies are expected to promote the application and development of cryptocurrencies and blockchain technology globally, especially in frontier areas such as DeFi and metaverse. Additionally, this collaboration showcases the growing connection and interaction between traditional financial institutions and the emerging cryptocurrency market.

Nomura Securities Launches Ethereum Adoption Fund Designed for Investors

Event Overview: On November 9, 2023, Laser Digital, the digital asset subsidiary of Nomura Securities, announced the launch of the Ethereum Adoption Fund, designed specifically for institutional investors. This initiative signifies Nomura Securities’ further immersion in the cryptocurrency field, particularly emphasizing the importance of Ethereum as a major cryptocurrency.

Investment Strategy and Objectives: The fund will primarily invest in long positions of physical Ethereum and plans to generate returns through Ethereum staking. This strategy reflects confidence in the long-term value of Ethereum while providing institutional investors with a relatively stable cryptocurrency investment channel. Through this fund, Nomura Securities aims to provide institutional investors with a secure and compliant cryptocurrency investment option, while also promoting the adoption and recognition of Ethereum in a wider financial market.

Industry Impact and Outlook: Nomura Securities’ initiative not only provides additional financial support for Ethereum but also attracts more institutional investors to the cryptocurrency market. The launch of this fund contributes to the maturity and attractiveness of the entire cryptocurrency market, especially for institutional investors seeking diversified investments in the cryptocurrency market. Additionally, Nomura Securities’ involvement in the cryptocurrency market, as a traditional financial institution, signifies the increasing status of cryptocurrencies in the mainstream financial sector.

Maven 11’s Third Fund Actively Raising $100 Million

Event Overview: On November 9, 2023, Maven 11, a cryptocurrency-focused venture capital firm, announced that it is actively raising $100 million for its third fund. The target is to complete the fundraising in the first half of next year, and so far, one-third of the funds have been committed by limited partners.

Investment Focus and Strategy: Maven 11’s fund will focus on early-stage companies in the cryptocurrency field, covering decentralized finance (DeFi), tokenization, infrastructure, payments, and metaverse, among other areas. The fund plans to invest globally, covering companies from seed to Series C funding rounds. This demonstrates Maven 11’s optimistic outlook on the long-term growth and innovation potential of the cryptocurrency market.

Industry Impact and Prospects: This move by Maven 11 is a significant positive development for early-stage companies in the cryptocurrency field. It not only provides them with financial support but also offers them the opportunity to connect with experienced investors. Furthermore, Maven 11’s fund also reflects the attractiveness of the cryptocurrency market to venture capitalists, especially in the current market environment where there is growing interest in the cryptocurrency field with high growth potential. With more funds injected, innovation and development in the cryptocurrency field are expected to accelerate.

Lightspeed Faction’s Early Cryptocurrency Fund Oversubscribed, Raising $285 Million in Total

Event Overview: On November 9, 2023, Lightspeed Faction, a blockchain-focused venture capital firm, announced the launch of an early cryptocurrency fund totaling $285 million. The fund initially planned to raise $250 million but due to the enthusiastic market response, it ended up being oversubscribed and reached $285 million.

Investment Focus and Strategy: This fund will focus on investing in early-stage blockchain projects at the seed or Series A funding stage. The average investment size is expected to be between $5 million and $10 million. Lightspeed Faction’s strategy showcases its emphasis on early-stage innovation in blockchain technology and confidence in the future development of this field.

Industry Impact and Prospects: Lightspeed Faction’s fund is a tremendous boost for early-stage projects in the blockchain field. It not only provides the necessary financial support but also connects these startups with experienced investors and industry experts. Furthermore, the establishment of this fund reflects the long-term optimism in the investment community towards blockchain technology, particularly in the areas of Web3, DeFi, and metaverse. With these funds being invested, it is expected to promote innovation and applications of blockchain technology, propelling the entire industry forward.

Metabit Foundation Blockchain Ecological Foundation Sinking in Over 10 Countries

Event Summary: On November 10, 2023, Metabit Network announced the establishment of the Metabit Foundation Blockchain Ecological Foundation in Singapore, marking the beginning of its new journey in the global blockchain field. The Metabit Foundation is scheduled to officially launch in early 2024 with the goal of incubating diverse ecological projects worldwide and promoting the global development of blockchain technology.

Strategy and Implementation Plan: The foundation will adopt a simultaneous online and offline approach, launching globally in 10 countries including the United States, Japan, Germany, South Korea, India, Brazil, the Philippines, Vietnam, Canada, and Thailand through mining plans. This strategy aims to facilitate the vibrant development of new projects and provide wider participation opportunities for users around the world.

Industry Significance and Outlook: The establishment of the Metabit Foundation is seen as an important move in the blockchain industry, aiming to make a positive contribution to technological innovation and the prosperity of the global ecosystem. The foundation emphasizes the principles of openness and transparency, working together with global partners to drive the development of blockchain technology. With its headquarters in Singapore, known for its robust regulatory environment and innovative atmosphere, the Metabit Foundation is expected to become a leader in the blockchain ecosystem. With the infusion of funds and the implementation of projects, it is anticipated to promote the application and innovation of blockchain technology globally, bringing new development opportunities to the entire industry.

Conclusion: Funds Pouring In Suggest Traditional Financial World’s Increasing Confidence in Cryptocurrencies, Future Market Trends Worth Watching

With the launch and implementation of this series of funds, cryptocurrency funds in the field seem to be experiencing another spring. The establishment of these funds not only reflects investors’ confidence in the cryptocurrency market but also indicates a new round of growth and innovation in this field. They may have far-reaching implications for the long-term development of the Web3 field, driving technological innovation and holding significant potential for the entire cryptocurrency ecosystem. From the development of Web3 to the application of blockchain technology, from the fusion of AI to the exploration of the metaverse, each fund injects new vitality and possibilities into the cryptocurrency market.

Although the market still faces uncertainties and challenges, the emergence of these funds undoubtedly brings new hope and opportunities to the entire cryptocurrency field. They not only support technological innovation and business growth but also provide investors with diversified choices. In this rapidly changing market, the movements and effectiveness of these funds will be worth continuous attention. With more capital pouring in, we can expect more innovations and developments in the Web3 and related technological fields, bringing new vitality and opportunities to the cryptocurrency market.

Overall, it seems that the spring of cryptocurrency funds has once again arrived, bringing new technologies, new market opportunities, and new growth momentum. In the future, we can expect these funds to drive the development of the entire industry, bringing more innovation and breakthroughs to the cryptocurrency market.

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