Hashed, Korea’s main cryptocurrency enterprise, has overcome the challenges of the cryptocurrency winter by investing an enormous quantity of $28.44 million (36.8 billion gained) in blockchain initiatives this yr.
Even the lengthy crypto winter didn’t deter Hashed, which not solely weathered the storm but in addition expanded its affect in blockchain infrastructure and gaming initiatives.
Funding in 2023 accelerates resulting from digital forex winter
In accordance with latest info, report In accordance with Econovill, Hashed’s strategic focus is on early-stage ventures which are poised to draw a broader person base by bettering blockchain infrastructure and incorporating content material and mental property (IP) . All year long, Hashed executed his 29 investments, exhibiting a balanced allocation throughout numerous sectors.
Blockchain infrastructure, gaming, and finance every accounted for 21% of the funding, whereas IP and content-related startups secured 15% of the allocation. Hashed has additionally diversified its portfolio by investing in early-stage startups that may leverage blockchain infrastructure throughout quite a lot of sectors, together with O2O platforms, sharing economic system initiatives, and synthetic intelligence startups.
Geographically, South Korea dominates the funding panorama with a share of 38%, adopted by North America with 21%, Europe with 7% and the remainder of Asia together with Singapore with 34%.
Among the many 20 new traders are shared sequence layer developer Radius, Net 3.0 gaming enterprise studio Decentralized Gaming Ventures (DGV), One other Ball, the corporate behind Virtuber platform Izumo, and Web3 gaming studio DeLabs. included.
From setback to success
Hashed has made important progress since CEO Simon Seojun Kim got here beneath elevated scrutiny from South Korean regulators over his assist for the corporate’s ill-fated cryptocurrency challenge, Terra. It is right here.
The crypto enterprise additionally has 9 additions to firms comparable to Archway, a Cosmos-based DApp developer reward layer 1 challenge, Payhere, a mobile-based POS platform, and DFNS, a decentralized API answer for digital asset custody. Made an funding.
Hashed, which at the moment manages two funds totaling 360 billion gained by way of Hashed Ventures, is actively engaged in useful resource actions to advertise the event of the Net 3 ecosystem. The full portfolio of firms invested by way of Funds 1 and a pair of now stands at 86 firms. Regardless of the challenges within the cryptocurrency business, Hashed continues to be a outstanding participant advancing the blockchain frontier.
In the meantime, Hashed’s coverage assume tank, named Hashed Open Analysis (HOR), actively conducts analysis, formulates coverage suggestions, and repeatedly publishes reviews and hosts seminars. There may be.
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