China’s GBA Capital has launched a $10 billion investment fund to support Web3 startups. The fund aims to empower innovative areas such as virtual reality, the Metaverse, and NFTs. GBA Capital plans to organize “meta-asset global tours” to promote digital assets and position the Guangdong-Hong Kong-Macao region as a Web3 powerhouse. This investment comes after Asian companies Whampoa Digital and Wemade raised a $100 million fund to boost blockchain gaming in Asia. The fund from GBA Capital demonstrates China’s commitment to advancing Web3 development and becoming a leader in the meta-asset space.
China’s $10B Investment Fund Empowers Web3 Advancement in 2024!
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