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Web3 To Boom With Hashed’s $200M Venture Fund II and New Partners

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Web3 To Boom With Hashed’s $200M Venture Fund II and New Partners
Web3 To Boom With Hashed’s $200M Venture Fund II and New Partners
  • Hashed launches $200M Venture Fund II to facilitate the growth of Web3.
  • It also announced new partners.
  • Hashed has made more than 30 targeted investments since the launch of its venture arm.

The cryptocurrency space is experiencing a new wave of development with the birth of Web3 technology. Web3 is a way for these developers and investors to rebuild the web on a foundation of cryptocurrency and blockchain technology. Thereby, ushering in a new age of individual empowerment and entrepreneurial freedom for all.

Following the above statement, an investment firm that is set to revolutionize the users’ interactions with the next generation of the internet, such as NFTs, DeFi, GameFi, etc., Hashed is leveraging Web3 growth with Hashed Venture Fund II. Just one year after a successful $120 million Hashed Venture Fund I, in its continuous quest to revolutionize the internet, Hashed raised another $200M to support the blockchain ecosystem.

Being a leading investor since 2017, Hashed is committed to the development of the already rapidly growing Web3 technology. Not to mention, limited partners who joined the fund include some of the largest Korean IT companies, multi-discipline conglomerates, and globally renowned investment firms.

To further show its dedication to the progress of the project, Hashed promoted Sean Hong and Baek Kim, two long-time members of Hashed, as Partners. Presently, Sean Hong serves as the CFO at Hashed due to his compelling contributions towards overseeing investor relations as well as legal and financial affairs.

Whilst Baek Kim currently manages global investments at Hashed, having spearheaded investments in Metaverse and Web3. Notably, Kim has worked closely with portfolio companies such as , , Set Labs, dYdX, ZKSync, and others to strengthen Hashed’s ecosystem method in investments.

Hashed has made more than 30 targeted investments since the launch of its venture arm. To mention a few, some of the notable investments from Hashed Venture Fund I include dYdX, Recur, which raised a $50M round led by Mets. Other promising investments include Republic, NFTBank, and Chai, which Hashed co-invested with SoftBank Ventures.

Similarly, Hashed was an early investor in several major Asian tech giant-led projects like Kakao’s Klaytn and LINE Blockchain. Hashed was also an early investor in some of the major projects in the blockchain space, such as; Terra, The Sandbox, Axie Infinity, and many more. Simon Kim, CEO & Managing Partner of Hashed speaks on Hashed Venture Fund II.

As we take our second step in solidifying our position in the global blockchain and technology sector, we are excited that our team’s vision is coming into reality. Just a few years ago, people doubted whether we would be able to transition our offline experience to online, but now people no longer question the value of digital assets such as NFTs and related products to be used in the metaverse. This change in our perception indicates that we have been right, and we hope to further exercise our influence in bringing about the kind of future we have imagined that is inclusive and equitable for all.

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Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Cryptocurrency

2022 Will See a Boom in Artificial Intelligence and Machine Learning in Media & Entertainment

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2022 Will See a Boom in Artificial Intelligence and Machine Learning in Media & Entertainment
2022 Will See a Boom in Artificial Intelligence and Machine Learning in Media & Entertainment

In its new whitepaper, 70 Technology Trends That Will—and Will Not—Shape 2022, ABI Research analysts identify 35 trends that will shape the technology market and 35 others that, although attracting huge amounts of speculation and commentary, are less likely to move the needle over the next twelve months. “The fallout from COVID-19 prevention measures, the process of transitioning from pandemic to endemic disease, and global political tensions weigh heavily on the coming year’s fortunes. This whitepaper is a tool for our readers to help shape their understanding of the key critical trends that look set to materialize in 2022 as the world begins to emerge from the shadow of COVID-19. It also highlights those much-vaunted trends that are less likely to have meaningful impact in 2022,” says Stuart Carlaw, Chief Research Officer at ABI Research.

What Will Happen in 2022:

A Boom for AI and ML

The role of AI and ML in the media & entertainment industry will increase significantly in 2022, with revenue forecasted to surpass US$ 9.5 billion in 2022 when video ad tech is included. Due to competitive pressures from direct-to-consumer services, it has become a necessity for incumbents (i.e., pay TV operators, broadcasters) to reduce costs, limit churn, and extract as much value from existing customers. AI/ML’s role here will increase to better target households with promotions, automate more workflows, and better secure the operators’ content and services.

AI/ML will also play a growing role in the ad tech space to improve personalization and contextually aware advertisements and serve as grounds for differentiation. This is especially critical following changes to third-party tracking devices (i.e., Identifier for Advertisers (IDFA) and third-party cookies) and increasing focus on privacy. The corollary of these trends is that the ad market will not suffer as severely as some had feared due to the changing privacy landscape.

What Won’t Happen in 2022:

The Metaverse Will Not Arrive Fully Formed

The metaverse, despite all the headlines and investments, will not arrive in 2022 or, for that matter, within the typical 5-year forecast window. The metaverse is still more of a buzzword and vision than a fully-fledged end goal with a defined date of arrival. What we have today is a number of tech companies building their version of a “metaverse,” but this multiverse is not fully interconnected, does not yet widely employ open standards, and certainly has not fully embraced Extended Reality (XR)—all tenets of the metaverse vision (some would also add the crypto economy to the list, which is also not in place).

However, this does not mean that all this talk about the metaverse is premature, rather the tech industry will continue to lay the foundation and build toward this metaverse future. It may take the better part of a decade before that “completed” form of the metaverse begins to take shape, but there will be plenty of opportunity between now and then. When the metaverse does arrive, it will truly transform the way we live our lives and, in the process, generate tremendous opportunities for a host of technologies, including 5G/6G, edge and cloud compute, XR, and AI/ML.

For more trends that will – and won’t – happen in 2022, download the whitepaper 70 Technology Trends That Will—and Will Not—Shape 2022.

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Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Cryptocurrency

What is a honeypot crypto scam and how to spot it?

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What is a honeypot crypto scam and how to spot it?

Smart contracts programs across a decentralized network of nodes can be executed on modern blockchains like . Smart contracts are becoming more popular and valuable, making them a more appealing target for attackers. Several smart contracts have been targeted by hackers in recent years.

However, a new trend appears to be gaining traction; namely, attackers are no longer looking for susceptible contracts but are adopting a more proactive strategy. Instead, they aim to trick their victims into falling into traps by sending out contracts that appear to be vulnerable but contain hidden traps. Honeypots are a term used to describe this unique sort of contract. But, what is a honeypot crypto trap?

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Continue Reading

Cryptocurrency

Spreading holiday joy through charitable giving with cryptocurrency

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Spreading holiday joy through charitable giving with cryptocurrency

The holidays are the perfect time of the year for giving back, and the rise of cryptocurrencies has created even more opportunities for charitable initiatives. This was highlighted during Giving Tuesday 2021, the Tuesday after Thanksgiving which saw over $2.4 million raised in cryptocurrency from the nonprofit fundraising platform The Giving Block.

As crypto philanthropy becomes a new subsector of the cryptocurrency economy, some in the industry believe that crypto donations will only continue to increase. Alex Wilson, co-founder of The Giving Block, told Cointelegraph that last year the organization raised about $4 million in crypto donations, noting that this year, over $100 million in crypto donations will likely be received.

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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