A $200 million fund was created to invest in Web 3 projects

South Korean project capital company Hashed announced that it has created a new fund of $2 HUNDRED million. The fund, known as “The Hashed Venture Fund II”, will invest in Web 3 startups, including the metaverse, blockchain-based games, NFTs and DeFi.

In a press release from Hashed, “Internet 3 agree with we are largely optimistic about its possible to re-enable it and to introduce new varieties of governance where avid gamers jointly make vital decisions about how they should define the metaverse.” It was once stated. >It used to be announced that the new fund of TWO HUNDRED million bucks has began its investments and it’s aimed to finish those investments in two years.

Investor of Axie Infinity and The Sandbox

On The different hand, the investors of the fund had been stored confidential. On The Other Hand, it used to be cited that there have been participations from South Korea’s biggest information era firms, holdings and world-popular investment corporations. Hashed, which has been an active investment company within the Internet 3 playground since 2017, was also an investor in tasks reminiscent of Axie Infinity and The Sandbox.