Ninety Eight Announces $25 Million Fund to Support Web3 Startups

SGGPO November 2, 2023 17:28

At an event recently held in Ho Chi Minh City, Ninety Eight officially launched and announced a $25 million fund for Blockchain startups in Vietnam.

The One Announces Ninety Eight

Ninety Eight was born on the Coin98 Finance ecosystem (including the Coin98 wallet application) and is an event of rebranding to Ninety Eight with many goals of expanding the development of new technology products. In particular, Ninety Eight's new goal is to become an ecosystem of innovative companies, with the common mission of making it easy for every user to join the Web3 world .

Ninety Eight's new product is introduced

Ninety Eight said the company also announced the creation of a $25 million ecosystem development fund to better foster technology startups.

It is known that in July 2023, the company will launch the Vietnam Future Fund, for technology startups developing supporting technologies in the Blockchain field. The fund has currently selected 2 startups for funding. This is a company whose founding team and core members are all Vietnamese, currently headquartered in Ho Chi Minh City.

Source: https://www.sggp.org.vn/ninety-eight-cong-bo-quy-25-trieu-usd-ho-tro-startup-web3-post712463.html