Bitoctop to create $10 million fund to support web3 startups from south korea

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Crypto Regulation
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Bitoctop has established a $10 million fund to invest in South Korean startups with a focus on DeFi, NFT and GameFi.

"South Korea is at the forefront of Web 3.0 game design and development, and we are focused on helping even more developers bring their ideas to life," said Bitoctop's general manager.

According to him, gamifying Web3 projects will see mass adoption on par with free mobile games in the long run. For Bitoctop, the new fund is the first structure with a clear geographic focus.

In addition to funding, South Korean developers will get help with design and consulting.

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Adam Smith

Adam Mary is a crypto enthusiast and a graduate of The University of Nairobi in economics. Adam’s passion brings her back to her elementary school years as a poet. She enjoys discussing blockchain technology and is committed to producing original content. Adam also covers other rapidly developing markets and economic and cryptocurrency studies.