• Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • Investments
    • Ecosystem & Lists
  • Interviews
  • Events
    • ComeUp
    • NextRise
  • Governments
    • KISA
    • KISED
    • KOCCA
    • KOTRA
    • MSS
    • NIPA
    • SBA
  • Programs
    • SGSC Global Bootcamp 2021
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • KoreaTechDesk Monthly Pitch
  • Investment Opportunities
    • SGSC Demo Day
    • Launchpad France Demoday
    • TIPS Global Demoday
    • Launchpad USA Demoday
    • Launchpad Indonesia Demoday
  • Submit an Article
  • register
  • login
No Result
View All Result
No Result
View All Result
Home Investments

Altos Ventures builds a co-investment ecosystem for Web 3.0 with Vestigium, Krafton, & Snow

KoreaTechDesk Writer by KoreaTechDesk Writer
March 23, 2022
in Investments
0
Vestigium , Altos Ventures, Krafton, and Snow invest for the Web 3.0 ecosystem.

Vestigium , Altos Ventures, Krafton, and Snow invest for the Web 3.0 ecosystem.

0
SHARES
144
VIEWS
Share on FacebookShare on Twitter

Korea’s first-generation blockchain accelerator Vestigium will execute a joint investment with Altos Ventures, Krafton, and Snow to grow the Web 3.0 ecosystem. Vestigium is a blockchain-specialized accelerator that has successfully nurtured and invested in leading blockchain projects such as Terra, Pay Protocol, Milk, and PlayDapp. 

Vestigium will jointly operate this matching fund with Altos Ventures, a Silicon Valley-based venture capital firm, Krafton, the developer of ‘PUBG: Battleground,’ and Snow, the parent company of Asia’s largest metaverse platform ‘Zepetto,’ and participate in the investment. The joint investment is expected to affect the Web 3.0 ecosystem and investing companies positively.  

Co-investment ecosystem expected to bring about positive repercussions 

The joint deal brings Vestigium ‘s high understanding of blockchain technology, Altos Ventures’ insight into discovering IT and service companies, Krafton’s know-how and experience gained from battleground development and operation, and Snow’s expertise as operator of Asia’s largest metaverse platform Zepetto.

The joint deal plans to nurture and realize various metaverse projects. In particular, Krafton is taking the lead in creating a Web 3.0 ecosystem that makes fresh fun through content creation and is collaborating with a number of partners.

In this regard, a Vestigium official said, “We are not satisfied with the success of our existing portfolio, but we are very happy to have the opportunity to contribute to the growth of a wider range – the entire Web 3.0 ecosystem. This joint investment is the gateway to the new Web 3.0 era. I look forward to serving you.” 

Hee-eun Park, a partner of Altos Ventures, said, “We are delighted to welcome Vestigium, Krafton, and Snow as partners for the growth of the Web 3.0 ecosystem. It is expected to bring about a new paradigm in the web world.”

What’s your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: Altos VenturesInvestmentKraftonSnowVestigiumWeb 3.0
Previous Post

Yanolja expanding business in rental cars with strategic investment

Next Post

Korean startups creating the K-Beauty buzz worldwide

Next Post
K-Beauty wave is swiping the global market of beauty and skincare products

Korean startups creating the K-Beauty buzz worldwide

0 0 votes
Article Rating
Subscribe
Login
Notify of
Please login to comment
0 Comments
Inline Feedbacks
View all comments
No Result
View All Result

FREE NEWSLETTER

PRODUCTS

Most Popular

  • DoubleMe that runs real-world metaverse platform ‘TwinWorld’ raises $25 million in funding 

    0 shares
    Share 0 Tweet 0
  • FinTech startup Quantit & Privé Technologies award-winning robo-advisor RABIT helps crypto investments

    0 shares
    Share 0 Tweet 0
  • Top Korean Dating apps that can help you make new connections in South Korea

    12 shares
    Share 12 Tweet 0
  • 10 K-Dramas to watch for some ‘money matters’

    0 shares
    Share 0 Tweet 0
  • Top 3 Websites where you watch Korean drama & movies

    12 shares
    Share 12 Tweet 0
  • AI media translation startup XL8AI attracts investment from Future Play 

    0 shares
    Share 0 Tweet 0
  • Korean startup Voithru’s global expansion platform JAMAKE allows YouTube influencers to truly own the world

    1 shares
    Share 0 Tweet 0
  • Korean startup Toonit makes it possible to create webtoons with no illustration experience  

    0 shares
    Share 0 Tweet 0
  • How to Find Freelance Jobs in South Korea?

    19 shares
    Share 19 Tweet 0
  • Korean startups creating the K-Beauty buzz worldwide

    11 shares
    Share 11 Tweet 0
  • Facebook
  • Instagram
  • Twitter

Copyright © 2021 KoreaTechDesk | About Us | Sponsorships| Terms of Use |Privacy Policy |Cookie Policy Contact: [email protected] DMCA.com Protection Status

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • Investments
    • Ecosystem & Lists
  • Interviews
  • Events
    • ComeUp
    • NextRise
  • Governments
    • KISA
    • KISED
    • KOCCA
    • KOTRA
    • MSS
    • NIPA
    • SBA
  • Programs
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
  • Investment Opportunities
    • Launchpad France Demoday
    • TIPS Global Demoday
    • Launchpad USA Demoday
    • Launchpad Indonesia Demoday
  • Submit an Article
  • Forums
  • register
  • login

Copyright © 2021 KoreaTechDesk | About Us | Sponsorships| Terms of Use |Privacy Policy |Cookie Policy Contact: [email protected] DMCA.com Protection Status

Posting....
wpDiscuz
0
0
Would love your thoughts, please comment.x
()
x
| Reply

Insert/edit link

Enter the destination URL

Or link to existing content

    No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.