Alisa Davidson
Printed: September 06, 2024 at 11:51 am Up to date: September 06, 2024 at 11:51 am
Edited and fact-checked:
September 06, 2024 at 11:51 am
In Temporary
Non-public meetup titled “Navigating Funding in Web3: Tech, Narrative, or FOMO?” befell in Seoul this week exploring the realm of Web3.
Non-public meetup held throughout Korea Blockchain Week 2024, titled “Navigating Funding in Web3: Tech, Narrative, or FOMO?” befell in Seoul earlier this week. The occasion attracted over 800 registrations and introduced collectively 100 representatives from numerous native and outstanding trade organizations, initiatives, corporations, communities, and key opinion leaders (KOLs). Co-hosted by DFG, Jsquare, Ticker Capital, and Starbase, the meetup supplied individuals with a possibility to interact in in-depth discussions on the important thing components driving the Web3 market, rising trade tendencies, and technological improvements.
The occasion started with the opening speech titled “Blockchain Past Borders: Connecting South Korea, Asia, and the Globe,” delivered by Angela, the CMO of each DFG and Jsquare.
DFG is a world funding agency specializing in blockchain and Web3 applied sciences, managing over $1 billion in belongings. The agency invests in numerous sectors resembling Protocols, Infrastructure, AI, and Decentralized Bodily Infrastructure Networks (DePIN). Its portfolio contains outstanding initiatives like Circle, Ledger, Coinlist, ChainSafe, Polkadot, and Solana. Jsquare, however, has invested in additional than 70 initiatives throughout 25 nations, specializing in areas resembling Layer 1 and Layer 2 options, Centralized Finance (CeFi), AI, and Infrastructure. Notable investments embrace Render Community, Gensyn, and Pudgy Penguins.
Each DFG and Jsquare not solely present monetary assist but additionally supply in depth collaboration fashions to help within the development and improvement of their portfolio initiatives all through their complete lifecycle.
The dialogue additionally included contributions from Ticker Capital and Starbase, who shared their firm insights and operations.
Ticker Capital, represented by its founder Q, is an acceleration and advertising and marketing agency centered on supporting initiatives in gaming, AI, and DePIN inside the Web3 ecosystem. Since its inception in 2018, Ticker Capital has invested in and suggested over 50 blockchain initiatives, constructing sturdy relationships with main traders, incubators, and developer communities.
Vivian, the founding father of Starbase, elaborated on the corporate’s core actions, which embrace mission funding, incubation, and acceleration. Starbase operates as a Web3 accelerator with a give attention to the GameFi and AI sectors. Since 2018, it has invested in over 100 initiatives throughout numerous high-growth areas. Moreover, Starbase gives grants to early-stage initiatives by its “EverGrow Grant,” which is now in its second part. This grant program, valued at over $2 million, supplies chosen initiatives with funding starting from $10,000 to $30,000.
WONDER CLOUD And Chainbase Ship Keynote Insights
The occasion additionally featured keynote addresses from WONDER CLOUD and Chainbase.
WONDER CLOUD, a Hong Kong-based cloud computing service supplier and a premium associate of Google Cloud has department places of work throughout Mainland China. The corporate makes a speciality of numerous cloud providers, together with cloud consulting, design, knowledge migration, massive knowledge and AI platforms, and safety options. On the occasion, Terrence, the Web3 BD Supervisor for Better China at Google Cloud, introduced insights into Google Cloud’s methods inside the Web3 ecosystem.
Chainbase is targeted on creating a complete omnichain knowledge community. CMO Ivy mentioned how Chainbase addresses key challenges within the crypto trade from an information perspective. These challenges embrace problems with centralization and restricted participation in present knowledge networks, in addition to fragmentation and accessibility issues with on-chain knowledge. Chainbase goals to resolve these points by providing unified omnichain knowledge, standardized on-chain knowledge processing, high-quality knowledge stacks, and incentivizing contributions, all whereas fostering decentralized innovation.
Panels Discover Web3 Adoption Methods And Funding Traits
The occasion additionally included two panel discussions. The primary panel, titled “How Subsequent-Gen Web3 Drives Mass Adoption,” was moderated by Kexin, Advertising and marketing Supervisor at DFG. It featured Chris, Co-founder of Chainbase, Rose Quan, Head of Ecosystem at Mint Blockchain, Mark Mi, Head of Companion Improvement, and Aiko, Ecosystem Lead at Myshell.
The dialogue centered on the methods and efforts these panelists are implementing to drive consumer development within the Web3 ecosystem and obtain mass adoption, in addition to their most well-liked instructions for Web3 purposes.
The second panel, titled “Navigating Funding in Web3: Tech, Narrative, or FOMO?,” was moderated by Betty, CEO Assistant & Advertising and marketing at DFG and Jsquare. It included outstanding enterprise capital representatives from South Korea and past, resembling Edward, Managing Companion at HTX Ventures, JT Legislation, Companion at Infinity Ventures Crypto, David Jeen, Portfolio Supervisor at 1st Soul Ventures, Pietro, Accelerator IR & Portfolio Investments Supervisor at Outlier Ventures, and Dinghan, Managing Companion at Capital6eagle.
This dialogue lined present tendencies within the funding cycle, funding methods, plans, and portfolio administration.
Following the occasion, organizers prolonged their appreciation to all individuals, audio system, and attendees. Additionally they expressed their gratitude to the sponsors and occasion companions for his or her vital assist and contributions.
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About The Creator
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising tendencies and applied sciences, she delivers complete protection to tell and have interaction readers within the ever-evolving panorama of digital finance.
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Alisa Davidson
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising tendencies and applied sciences, she delivers complete protection to tell and have interaction readers within the ever-evolving panorama of digital finance.
Extra articles
