$200 million fund was created to invest in Web3 projects

$200 million fund was created to invest in Web3 projects

South Korean venture capital firm Hashed has announced that it has created a new $200 million fund. The fund, called “The Hashed Venture Fund II”, Metaverse, a blockchain-based game, NFTAnd DeFi Will invest in Web3 startups, including

“We are largely optimistic about Web3’s potential to restore trust and enable a new type of governance where players collectively make important decisions about how they should define the metaverse,” Hashed said in a statement. should do.” it was said.

Hashed raised $120 million for its first fund, which it announced last year, and through this fund, the company has invested in several startups such as dYdX, Mythical Games, Republic, Chain and NFTBank.

It has been announced that a new $200 million fund has started its investments and aims to complete these investments within two years.

Investors of Axi Infinity and The Sandbox

On the other hand, the investors of the fund were kept secret. However, it was noted that South Korea’s largest information technology companies, holdings and world-renowned investment companies had participation. Hashed, which has been an active investment company in the Web3 playground since 2017, was also an investor in projects such as Axi Infinity and The Sandbox.

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