Cryptocurrency News

Hashed launches $200 million crypto venture fund

  • South Korean venture capital firm Hashed has launched a new $200 million fund
  • It will invest in Web3 start-ups, including those focused on Metaverse, blockchain gaming, NFTs, and DeFi
  • Hashed is known for having made over 30 targeted investments since the inception of its venture arm

South Korean venture capital firm Hashed has launched a new $200 million fund.

The second fund Hashed has launched

The announcement of Hashed Venture Fund II comes just a year after the launch of Hashed Venture Fund I, which raised $120 million. It will invest in Web3 start-ups, including those focused on Metaverse, blockchain gaming, NFTs, and DeFi. Major players in the IT industry in South Korea have joined the venture, which also came with the promotion of Sean Hong and Baek Kim, two long-time members of Hashed, to partners.

The new fund will primarily focus on equity rounds of start-ups raising seed to Series B funding. adding that token warrants will also be allowed. “We are radically optimistic about web3’s potential to restore trust and enable new kinds of governance where players collectively make critical decisions about how the metaverse should be defined,” Hashed said.

What has Hashed invested in?

Hashed is known for having made over 30 targeted investments since the inception of its venture arm. These include blockchain analytics company CryptoQuant, derivatives platform Vega, Ethereum-based investment start-up Set, dYdX. Also, Republic, NFTBank, and Chai, among the companies Hashed, co-invested jointly with SoftBank Ventures. In addition the VC was also an early investor in Metaverse projects such as The Sandbox and Axie Infinity.

In October, the firm launched a new start-up studio to support innovative Metaverse and NFT projects. According to the company, the new division will foster the development of creative projects while exploring and testing new ways to apply blockchain in the gaming and NFT markets.

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About Author

Stan Colenbrander

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Stan is the head of news and podcast host at Cryptonary. He was formerly a member of the Cryptonary Pro community. In early 2021, he decided to drop out of journalism school at university to pursue journalism in real life and make an impact in the crypto space. . His areas of interest include the NFT industry, decentralised finance, and blockchain startups.

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