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

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CryptoBetix 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 CryptoBetix's general manager.

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

Megan is an adventurous person who likes to explore topics in-depth and learn new things each day. His passion lies in gaining knowledge to help transform the world through his writing skills. He also believes in blockchain technology and its potential to usher in a cashless society. Currently, he is pursuing a Computer Science Bachelor’s degree driven by his fascination with emerging technologies. He has writing experience of about three years in different fields and two in blockchain technology.