Hashed, a South Korean Cryptocurrency Venture, Invests $28.44 Million in Global Blockchain Projects

Hashed Invests $28.44 Million in Blockchain Projects Despite Crypto Winter

Despite the challenges of the crypto winter, Hashed, South Korea’s leading crypto venture, has invested a massive $28.44 million in blockchain projects this year. Hashed has not only weathered the storm but has expanded its footprint in blockchain infrastructure and gaming projects.

Strategic Focus on Early-Stage Ventures

According to a recent report by Econovill, Hashed’s strategic focus has been on early-stage ventures that improve blockchain infrastructure and incorporate content and intellectual property rights (IP). Throughout the year, Hashed executed 29 investments with a balanced allocation across different sectors.

Diversified Portfolio and Geographical Distribution

Hashed diversified its portfolio by investing in early-stage startups leveraging blockchain infrastructure across various sectors. Geographically, Korea dominated the investment landscape with a 38% share, followed by North America at 21%, Europe at 7%, and other Asian regions at 34%.

New Investments and Follow-Up Investments

Among the new companies that received investments were Radius, Decentralized Gaming Ventures (DGV), Another Ball, Izumo, and DeLabs. Hashed also made nine follow-up investments in companies like Archway, Payhere, and DFNS.

Growing Influence and Policy Think Tank

With two funds totaling 360 billion won, Hashed actively engages in resource activities to nurture the development of a Web 3 ecosystem. The total portfolio of companies invested in now stands at 86. Additionally, Hashed’s policy think tank, ‘Hashed Open Research (HOR),’ conducts research and formulates policy recommendations.

Hot Take: Hashed Defies the Crypto Winter and Remains a Prominent Player

Despite the challenges of the crypto landscape, Hashed has defied the crypto winter and continues to be a prominent player in advancing the blockchain frontier. With its strategic investments, diversified portfolio, and growing influence, Hashed is actively shaping the future of blockchain technology.