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Ninety Eight, a technology company based in Ho Chi Minh City, has launched a $25 million Ecosystem Fund. So what areas will this fund support startups in?
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| Ninety Eight Announces $25 Million Ecosystem Development Fund |
In the announcement, Ninety Eight revealed that it will support many startups in the industry to leverage C98 to create innovative and impactful solutions from the $25 million fund.
With a focus on Asia, the ecosystem fund aims to accelerate the growth of Web3 startups in the region. In particular, Ninety Eight's investment fund helps address the needs and challenges faced by many developers (builders) in the rapidly growing Web3 sector.
Accordingly, the project provides both financial and strategic support to selected startups. At the same time, Ninety Eight will work closely with these platforms to provide guidance and access to a wide network of partners in the blockchain industry.
In addition, the new fund is deployed and managed by Arche Fund - Ninety Eight's investment unit. Arche Fund will be responsible for monitoring and closely collaborating with the selected platforms to maximize their potential. In addition, this unit will provide many essential programs, resources and networks for startups.
“Ninety Eight is working to build an ecosystem of technology startups around the world, thereby leveraging talent and popularizing Web3 to the public. We believe that by supporting talented developers and providing them with the necessary resources, the process of Web3 adoption will be accelerated," said Thanh Le, CEO of Ninety Eight.
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