- Oct 25, 2021
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Hashed Focused on Web 3 Investments
Hashed, one of the biggest blockchain-based VC firms in Korea, has
With this fund, Hashed wants to expand its influence and reach a global scale, connecting with creators in places not contemplated before. Hashed’s announcement, written by partner Baek Kim, states:
We are carefully scaling our impact in key markets. In addition to our Seoul and San Francisco offices, we are expanding our Singapore office.
To achieve this, Hashed is also revamping its executive structure, promoting two of its earliest collaborators, Sean Hong and Baek Kim, to general partners.
Key Areas for Investment
While the company did not disclose the investors behind this new fund, it did provide the general guidelines that will apply to the investments of the initiative. The funds will be directed to companies in three key areas: the
The company has invested in play-to-earn initiatives and metaverse-based games such as The Sandbox and Axie Infinity before, so this announcement is no surprise in this field. What’s more interesting is the focus of the company on building web 3.0 infrastructure that could possibly be used by other protocols. The Hashed announcement stressed:
We will focus on solving problems that improve end-user experiences, designing more engaging metaverse games, and making web3 services safer for mass adoption.
The company is also working on several play-to-earn experiences of its own, designed by UNOPND, a sibling gaming company. This is the second fund Hashed has opened in less than a year, with the last one
What do you think about Hashed’s $200 million web 3.0 investment fund? Tell us in the comment section below.