SBI Holdings will launch a US$662 million fund by the end of 2023, mainly investing in emerging companies such as Web3, AI and Yuanverse
apanese financial services giant SBI Holdings announced that it will launch a fund by the end of 2023 to invest in emerging companies such as Web3, AI, and metaverse, with an expected investment amount of hundreds of millions to tens of billions of yen per project and a total investment of 150 to 200 companies. The expected total amount of the fund will reach 100 billion yen ($662 million). SBI Holdings stated that it will support Japanese startups by inviting major domestic and regional banks to invest.
As of now, Sumitomo Mitsui Banking Corporation, Mizuho Bank, Nippon Life Insurance, and Daiwa Securities Group have decided to invest more than 50 billion yen in the fund.
Decentralized digital asset management protocol L7 will be invited to attend the "TimeStamp Istanbul Investor Night."
The decentralized digital asset management protocol L7 will be invited to attend the "TimeStamp Istanbul Investor Night" event. "TimeStamp Istanbul Investor Night" is co-hosted by Cointime, in collaboration with the Global Web3 Association, CoinTR, ChainUp, CryptoFemale, SINOHOPE, ABCDE, and others. Participants of the event will delve into the development prospects of the blockchain industry in Istanbul, discuss local regulatory strategies, explore the implementation of more blockchain application scenarios, and seek opportunities for technical and business cooperation.
SK Telecom partners with Atomrigs Lab to develop Web3 wallet on Aptos blockchain for mass adoption
South Korea's largest telecommunications company, SK Telecom, is partnering with Atomrigs Lab to develop a Web3 wallet on the Aptos blockchain. The wallet will use Atomrigs' multi-party computation (MPC) encryption technology to secure assets and hold virtual assets including non-fungible tokens (NFTs), digital IDs, and cryptocurrencies like Ethereum and Klayton. SK Telecom plans to link its Web3 wallet with its mobile wallet to expand its applicable use cases. The partnership is part of SK Telecom's commitment to delivering a seamless and secure Web3 experience for users. Aptos Labs has been expanding its partnership portfolio with some of the world's largest companies to onboard masses to Web3.
Vietnamese Web3 Coalition Launches $25 Million Ecosystem Fund for Web3 Startups in Asia
Ninety Eight, a Vietnamese Web3 coalition and creator of the Coin98 DeFi ecosystem, has launched a $25 million ecosystem fund to support Web3 startups in Asia. The fund will offer financial and strategic assistance to selected startups, as well as access to the firm's Viction layer-1 blockchain infrastructure for low-gas fee transactions and enhanced security. The Ninety Eight Ecosystem Fund's native token, $C98, can be used for storing, sending, receiving, and managing crypto assets, as well as connecting to decentralized applications on over 40 blockchains. Arche Fund, a venture arm within the Ninety Eight ecosystem, will manage the fund and work closely with selected startups to maximize their potential.
Web3 security company SlowMist launches recruitment in Hong Kong
On November 7th, according to the SlowMist Technology public account, Web3 security company SlowMist launched recruitment in Hong Kong, recruiting positions including 1 Hong Kong community leader and 1 community operations intern, both located at Hong Kong Cyberport.
Consensys announces first 16 startups selected for its scholarship program
Consensys has announced the first batch of 16 start-ups selected for its scholarship program, which aim to use the Consensys software suite to completely change Ethereum and Web3. The 16 start-ups are: interactive protocol Common Ground, DAO governance protocol Butter, smart contract integration and collaboration platform Bonadocs, smart contract solution Tezoro, payment protocol and SDK Denota, DeFi integrated service platform Toaster Finance, IZK proof smart contract tool PADO, Noves, zkSNARK platform zkUSD, web3 trading protocol Epoch Protocol, wallet solution Greg, ZK proof Taigalabs focused on verifiable computing, on-chain performance marketing protocol Relayer, web3 CRM and marketing automation platform Holder, trading routing and arbitrage platform Xtremely, and DeFi trading expansion suite Caddi.
"The Simpsons" NFTs Sell Out for $60 Each Before Being Mocked in Latest Episode
Disney and VeVe released two NFTs of "The Simpsons" characters, Bart and Homer, in November 2021. The NFTs were sold for $60 each and were described as a "special addition to any collector's showroom." The NFTs were part of the Disney+ Gold Moments collection and came with a 3-month subscription to the streaming service. In a recent episode of "The Simpsons," the show mocked NFTs, but the NFTs offered by the show sold out and generated over $1.1 million in revenue.
Web3 recruitment platform SmartDeer receives HK$500,000 funding from Hong Kong Cyberport
Web3 recruitment platform SmartDeer announced that it has been selected for the incubation program of Hong Kong Cyberport and has received HKD 500,000 in funding. SmartDeer will work closely with Cyberport to promote innovation in the Web3 field.<br>According to RootData, SmartDeer is a recruitment platform for connecting Web3 projects and talents, with iOS and Android apps already launched.
Blockchain-based Startups Continue to Secure Funding Despite Bear Market
Despite the ongoing bear market, blockchain startups are still receiving funding, with Blockaid raising $33 million in October. However, overall funding in the crypto industry has dropped to levels last seen in 2020, with investors scrutinizing projects more closely before investing. Untangled Finance raised $13.5 million for institutional-grade credit, while Nocturne raised $6 million for on-chain private accounts. Waterfall Network raised $2 million ahead of its mainnet launch, with Bytrade Lab becoming a key investor and user of its tech infrastructure.
The first Web3 Scholar Summit 2023 opened at Hong Kong Cyberport. Professor Zhao Ruheng, Director of Cyberport and Vice President (Research and Innovation) of Hong Kong Polytechnic University, attende
On November 4th, at the "Web3 Scholars Summit" hosted by DRK Lab, Professor Zhao Ruheng, Director of Cyberport and Vice President (Research and Innovation) of The Hong Kong Polytechnic University, delivered the opening speech, stating that the purpose of this summit is to promote innovation and application development in the field of Web3 scholars, including support and cultivation for young scholars to promote academic research and innovation. The current policies and regulatory framework of the Hong Kong government are aimed at promoting the sustainable development of the virtual asset market, while providing more business and investment opportunities. We hope that everyone will work together to build a sustainable international digital industry and contribute to the development of Hong Kong.
