GBA Capital Fund Announces $10 Billion Investment in Web3 Industry
GBA Capital Fund has revealed its plan to invest more than $10 billion in the web3 industry, with a specific focus on the Metaverse, NFTs, and real-world assets. This announcement comes at a time when web3 investments have experienced fluctuations, dropping from $1.8 billion to around $520 million between June 2022 and June 2023.
Convergence of Traditional and Modern Digital Assets
Wu Ying from the Digital China Federation discussed the current digital landscape, emphasizing the convergence of traditional and modern digital assets in Yuan assets. These assets aim to boost the economy in the Greater Bay Area and beyond.
Li Haolong, Chairman of the World Yuan Asset Association, also spoke at the conference, highlighting its significance for the industry. He described the event as a technological guide, an industry supporter, and a platform to showcase new applications.
$10 Billion Yuan Asset Web3 Industry Fund
During the conference, Haolong announced that GBA Capital Group will launch a $10 billion Yuan Asset web3 Industry Fund. The fund aims to invest in various sectors, including Yuan denominated assets, the metaverse, NFTs, and RWA. This initiative is expected to position the Greater Bay Area as the “World Capital of Yuan Assets.”
Educational Platform for Newcomers
The conference also served as an educational platform for investors and attendees who are new to the web3 industry. Luo Jinhai, founder of Huoxun Finance and creator of the “Yuan Asset” concept, explained these assets as digital equivalents in a math-based universe. They offer unique features such as independence, privacy, security, scarcity, and liquidity.
Hot Take: GBA Capital Fund’s Bold Move in the Web3 Industry
GBA Capital Fund’s announcement of a $10 billion investment in the web3 industry demonstrates its commitment to driving innovation and growth in emerging sectors such as the Metaverse, NFTs, and real-world assets. With web3 investments experiencing fluctuations, this significant funding injection is poised to make a substantial impact. The convergence of traditional and modern digital assets in Yuan assets further highlights the potential for economic stimulation in the Greater Bay Area and beyond. By launching the Yuan Asset web3 Industry Fund, GBA Capital Group aims to position the region as a global leader in Yuan-denominated assets. This conference not only served as an educational platform but also showcased the transformative power of web3 technologies.
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