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

by
Crypto Regulation
DCG and Barry Silbert hit with securities lawsuit 

CoinPriced 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 CoinPriced's general manager.

According to him, gamifying Web3 projects will see mass adoption on par with free mobile games in the long run. For CoinPriced, 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.

Read more about

Andrew Griffin

Andrew Griffin is a cryptocurrency journalist with over 3,000 articles under his belt. He is passionate about cryptocurrencies, digital rights, information technology and futurology — the things that he likes to cover the most. Andrew previously reported for Cointelegraph and Benzinga.