Korean gaming and entertainment company Wemade has partnered with Whampoa Digital, the digital asset investment arm of Singaporean investment giant Whampoa Group, to invest $100 million in Web3 projects. The two companies will collaborate to back promising gaming studios and blockchain projects that plan to set up an office at WEMIX Play Center, located at Dubai International Financial Centre’s Innovation Hub (DIFC Innovation Hub). WEMIX Play is Wemade’s Web3 platform that allows developers to transform any game into a blockchain game, and the platform currently boasts over 250,000 active players. The DIFC Innovation Hub and WEMIX PLAY Center will provide state-of-the-art facilities and mentorship, allowing Web3 projects backed by Wemade to thrive, while Whampoa Digital will provide ecosystem support to the Center.

Bahamut Foundation has launched its latest program, Bahamut Grants. The program has available funding of 10 million FTN tokens. Bahamut is the preferred blockchain platform in the Fastex ecosystem, and FTN is its native token. Grants will be awarded to projects developed on Bahamut, thereby promoting business expansion on the network.

Trustless Labs announced the launch of the Bitcoin Ecosystem Phase One Fund, with a scale of up to 10 million US dollars, dedicated to promoting innovation and development within the Bitcoin ecosystem.

A court in the British Virgin Islands has frozen over $1 billion in assets belonging to the founders of Three Arrows Capital (3AC), a bankrupt crypto hedge fund. The court order, issued on Monday, applies to Su Zhu and Kyle Davies, as well as Davies' wife, Kelly Chen. The liquidators of the firm, Teneo Restructuring, have been seeking $1.3 billion and included Chen in the order to maximize returns to creditors.

HashKey Capital Singapore Pte. Ltd. announced that it has obtained the Capital Markets Services (CMS) license issued by the Monetary Authority of Singapore (MAS). With this license, HashKey Capital Singapore will provide compliant fund management services for capital market products as a licensed fund management company (LFMC) in Singapore. The company's goal is to promote blockchain-related capital market products and investments towards the mainstream, and continue to contribute to the development of the local blockchain community. Under the regulation of the CMS license, HashKey Capital Singapore plans to leverage its global resources to enrich Singapore's financial ecosystem and promote further integration of traditional finance and digital finance.In addition, HashKey Capital successfully raised a total of $500 million for its third fund earlier this year. The fund focuses on investing in leading Web3 and blockchain projects globally, with a focus on innovation in the digital finance field.

FutureMoney Group and IoTeX Foundation have launched a $5 million DePIN Acceleration Program. (PR Newswire)

Investment company cyber.Fund is an early supporter of Ethereum and has pledged to invest $100 million in projects that intersect blockchain technology with artificial intelligence (AI) and the Internet of Things (IoT). According to a Thursday email announcement, Cyber​​.Fund also supports Cosmos, Solana, and Polkadot, focusing on developing a "cybernetic economy" where blockchain is the cornerstone. The company describes cybernetic economy as an interconnected automated economic framework, with blockchain, AI, and IoT integrated around the framework.

Heartcore Capital, a venture capital firm focused on crypto, has secured €15m ($16.3m) for its inaugural Web3 fund. The fund will invest in startups that are developing application layer protocols in areas such as DeFi, gaming, social, software, and DeSci. Heartcore Capital typically invests between $250k and $500k in private rounds, but does not lead them. For more information on the tech venture capital industry, visit VCWire.tech.

On December 13th, it was reported that Hong Kong's Securities and Futures Commission has released updated information for licensed individuals and registered institutions for the month of November. Among them, it was shown that C Capital Investment Management Limited, owned by Hong Kong real estate tycoon Zheng Zhigang, has obtained the 4th and 9th licenses from the Securities and Futures Commission. The 4th license is for providing advice on securities, while the 9th license is for asset management.