Meetup co-hosted by DFG, Jsquare, Ticker Capital, and Starbase reveals Web3 investment trends during KBW2024
Alyssa Davidson
Posted: September 6, 2024 at 11:51 AM Updated: September 6, 2024 at 11:51 AM
Edit and fact check: September 6, 2024, 11:51 AM
Briefly
A private meeting titled “Exploring Investment in Web3: Technology, Narrative or FOMO?” took place in Seoul this week and explored the Web3 space.
The private meeting held at Korea Blockchain Week 2024 was titled “Exploring Investments in Web3: Technology, Narrative or FOMO?” and took place in Seoul earlier this week. The event attracted over 800 registrants and brought together 100 representatives from various regional and prominent industry organizations, projects, companies, communities and Key Opinion Leaders (KOLs). Co-hosted by DFG, Jsquare, Ticker Capital and Starbase, the meeting provided attendees with an opportunity to engage in in-depth discussions on the key factors driving the Web3 market, emerging industry trends and technological innovations.
The event began with an opening speech by Angela, CMO of DFG and Jsquare, titled “Blockchain Beyond Borders: Connecting Korea, Asia, and the World.”
DFG is a global investment firm specializing in blockchain and Web3 technologies, with over $1 billion in assets under management. The firm invests in a variety of sectors, including protocols, infrastructure, AI, and decentralized physical infrastructure networks (DePINs). The portfolio includes major projects such as Circle, Ledger, Coinlist, ChainSafe, Polkadot, and Solana. Jsquare, on the other hand, has invested in over 70 projects across 25 countries, focusing on Layer 1 and Layer 2 solutions, Centralized Finance (CeFi), AI, and infrastructure. Notable investments include Render Network, Gensyn, and Pudgy Penguins.
In addition to providing financial support, DFG and Jsquare offer a broad collaboration model to support growth and development throughout the entire life cycle of portfolio projects.
The discussion was also joined by Ticker Capital and Starbase, who shared insights and insights into their companies’ operations.
Ticker Capital, represented by founder Q, is an acceleration and marketing firm focused on supporting gaming, AI, and DePIN projects within the Web3 ecosystem. Since its founding in 2018, Ticker Capital has invested in and advised over 50 blockchain projects and has built strong relationships with leading investors, incubators, and developer communities.
Starbase founder Vivian elaborated on the company’s core activities, including project investment, incubation, and acceleration. Starbase operates as a Web3 accelerator with a focus on the GameFi and AI sectors. Since 2018, it has invested in over 100 projects across a variety of high-growth sectors. Starbase also provides grants to early-stage projects through its “EverGrow Grant,” currently in Phase 2. This grant program, worth over $2 million, provides between $10,000 and $30,000 to selected projects.
WONDER CLOUD and Chainbase provide key insights
The event also featured keynotes from WONDER CLOUD and Chainbase.
WONDER CLOUD, a Hong Kong-based cloud computing service provider and Google Cloud Premium Partner, has offices in mainland China. The company specializes in a variety of cloud services, including cloud consulting, design, data migration, big data and AI platforms, and security solutions. At the event, Terrence, Google Cloud’s Greater China Web3 BD Manager, shared insights into Google Cloud’s strategy within the Web3 ecosystem.
Chainbase is focused on developing a comprehensive omnichain data network. CMO Ivy explained how Chainbase solves key challenges in the cryptocurrency industry from a data perspective. These challenges include centralization issues, limited participation in existing data networks, fragmentation of on-chain data, and accessibility issues. Chainbase aims to solve these problems by providing unified omnichain data, standardized on-chain data processing, a high-quality data stack, and incentivizing contributions while fostering decentralized innovation.
The panel explores Web3 adoption strategies and investment trends.
The event also featured two panel discussions. The first panel was titled “How Next-Generation Web3 Will Drive Mass Adoption” and was moderated by Kexin, Marketing Manager at DFG. The panel included Chris, Co-founder of Chainbase, Rose Quan, Ecosystem Lead at Mint Blockchain, Mark Mi, Partner Development Lead, and Aiko, Ecosystem Lead at Myshell.
The discussion focused on the strategies and efforts the panelists are implementing to drive user growth and achieve mass adoption in the Web3 ecosystem, as well as their preferred direction for Web3 applications.
The second panel was titled “Exploring Investments in Web3: Technology, Narrative, or FOMO?” and was moderated by Betty, CEO Assistant & Marketing at DFG and Jsquare. The panel was joined by prominent venture capitalists from Korea and abroad, including Edward, Managing Partner at HTX Ventures, JT Law, Partner at Infinity Ventures Crypto, David Jeen, Portfolio Manager at 1st Soul Ventures, Pietro, Accelerator IR & Portfolio Investments Manager at Outlier Ventures, and Dinghan, Managing Partner at Capital6eagle.
This discussion covers the latest trends in investment cycles, investment strategies, planning, and portfolio management.
After the event, the organizers thanked all the participants, speakers, and attendees. They also thanked the sponsors and event partners for their significant support and contributions.
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About the Author
A dedicated journalist for MPost, Alyssa specializes in the vast areas of cryptocurrencies, zero-knowledge proofs, investments and Web3. She has a keen eye for emerging trends and technologies, and provides comprehensive coverage to inform and engage readers in the ever-evolving digital finance landscape.
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Alyssa Davidson
A dedicated journalist for MPost, Alyssa specializes in the vast areas of cryptocurrencies, zero-knowledge proofs, investments and Web3. She has a keen eye for emerging trends and technologies, and provides comprehensive coverage to inform and engage readers in the ever-evolving digital finance landscape.
More Articles