Gabriel Budi Sutrisno · · 1 min readBorn Ready launches $10m fund to aid Web3 projects in APAC
Photo credit: The Root Network
Web3-focused venture fund Born Ready, launched by the co-founders of AI and metaverse platform Futureverse, is teaming up with Catalyze Research to launch the Catalyze Futureverse Ecosystem Fund.
The US$10 million investment vehicle targets new Asia-Pacific businesses in the Web3, metaverse, AI, and content sectors. Selected companies will work together within the Futureverse ecosystem, which includes blockchain platform The Root Network.
The partnership will “drive exponential growth” of The Root Network and create opportunities for startups in the region, especially those in South Korea, Born Ready wrote on X (previously Twitter).
According to data from intelligence firm Research and Markets, the spending value in South Korea’s metaverse market is expected to reach US$43.4 million by 2030.
Futureverse was founded in 2016 by Aaron McDonald and Shara Senderoff. It launched Born Ready, a US$50 million fund and venture studio, in August 2023.
In July last year, Futureverse raised US$54 million in a series A round led by 10T Holdings and joined by Ripple.
Meanwhile, Catalyze Research is a South Korea-based consulting firm focused on the blockchain industry. Established in 2017, it previously invested in Web3 projects like Matic Network (now Polygon), Biconomy, and Numbers Protocol.
See also: Why this crypto VC firm is confident of raising $100m fund in a bear market
Editing by Miguel Cordon and Lorenzo Kyle Subido
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