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.”