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Japanese IT Giant GMO Internet Plans to Set Up WEB3 Venture Capital Fund in Late June

By WebsCryptoJune 9, 20221 Min Read
Japanese It Giant GMO Internet Plans to Set Up WEB3 Venture Capital Fund in Late June
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Japanese IT giant GMO Internet plans to set up a new corporate venture capital fund (CVC) in late June, which will focus on investing in the Web3 field.

GMO’s new venture capital fund will provide financial backing for Web3 startups and Web3-related technologies in the cryptocurrency trading space, but the size of the investment and the amount of individual investments have not been disclosed.

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In addition, GMO Coin, a crypto asset exchange under GMO, will be responsible for reviewing the business content and use of funds of target startups.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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