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.
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