Alisa Davidson
Revealed: 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 Transient
Non-public meetup titled “Navigating Funding in Web3: Tech, Narrative, or FOMO?” passed off 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?” passed off in Seoul earlier this week. The occasion attracted over 800 registrations and introduced collectively 100 representatives from numerous native and outstanding trade organizations, initiatives, firms, communities, and key opinion leaders (KOLs). Co-hosted by DFG, Jsquare, Ticker Capital, and Starbase, the meetup supplied contributors with a possibility to have interaction in in-depth discussions on the important thing elements driving the Web3 market, rising trade traits, 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 corresponding to Protocols, Infrastructure, AI, and Decentralized Bodily Infrastructure Networks (DePIN). Its portfolio contains outstanding initiatives like Circle, Ledger, Coinlist, ChainSafe, Polkadot, and Solana. Jsquare, alternatively, has invested in additional than 70 initiatives throughout 25 international locations, specializing in areas corresponding to 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 help but additionally supply intensive collaboration fashions to help within the development and growth 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 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 buyers, incubators, and developer communities.
Vivian, the founding father of Starbase, elaborated on the corporate’s core actions, which embrace challenge 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 way of 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 accomplice of Google Cloud has department workplaces throughout Mainland China. The corporate makes a speciality of numerous cloud companies, together with cloud consulting, design, information migration, large information and AI platforms, and safety options. On the occasion, Terrence, the Web3 BD Supervisor for Larger China at Google Cloud, introduced insights into Google Cloud’s methods inside the Web3 ecosystem.
Chainbase is targeted on creating a complete omnichain information community. CMO Ivy mentioned how Chainbase addresses key challenges within the crypto trade from a knowledge perspective. These challenges embrace problems with centralization and restricted participation in present information networks, in addition to fragmentation and accessibility issues with on-chain information. Chainbase goals to resolve these points by providing unified omnichain information, standardized on-chain information processing, high-quality information 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 Supervisor at DFG. It featured Chris, Co-founder of Chainbase, Rose Quan, Head of Ecosystem at Mint Blockchain, Mark Mi, Head of Associate Improvement, and Aiko, Ecosystem Lead at Myshell.
The dialogue centered on the methods and efforts these panelists are implementing to drive person development within the Web3 ecosystem and obtain mass adoption, in addition to their most popular instructions for Web3 functions.
The second panel, titled “Navigating Funding in Web3: Tech, Narrative, or FOMO?,” was moderated by Betty, CEO Assistant & Advertising at DFG and Jsquare. It included outstanding enterprise capital representatives from South Korea and past, corresponding to Edward, Managing Associate at HTX Ventures, JT Legislation, Associate at Infinity Ventures Crypto, David Jeen, Portfolio Supervisor at 1st Soul Ventures, Pietro, Accelerator IR & Portfolio Investments Supervisor at Outlier Ventures, and Dinghan, Managing Associate at Capital6eagle.
This dialogue coated present traits within the funding cycle, funding methods, plans, and portfolio administration.
Following the occasion, organizers prolonged their appreciation to all contributors, audio system, and attendees. In addition they expressed their gratitude to the sponsors and occasion companions for his or her vital help and contributions.
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About The Writer
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 traits and applied sciences, she delivers complete protection to tell and interact 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 traits and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
Extra articles
