Ninety Eight, a dynamic ecosystem of Web3 innovators, is proud to introduce its groundbreaking $25 million Ecosystem Fund, marking a significant milestone following its rebrand from Coin98 Finance.
With a primary focus on Asia, where the organization has deep roots, this fund announcement is a testament to Ninety Eight’s commitment to nurturing and propelling the growth of Web3 startups in the region.
The Ninety Eight Ecosystem Fund is tailor-made to address the unique challenges and needs faced by Web3 builders in an ever-evolving landscape. It offers both financial backing and strategic support to selected startups, partnering closely with them and granting access to an extensive network of industry allies. Ninety Eight’s team of seasoned professionals is dedicated to aiding startups in their journey to success.
We're excited to announce the launch of a $25M Ecosystem Fund to foster the growth and development of Web3 startups in Asia.@ArcheFund will be responsible for overseeing the fund and working closely with selected startups to maximize their potential.
🔗https://t.co/88BHUTJ82G pic.twitter.com/VtJofxwR8L
— Ninety Eight (@ninetyeight_hq) November 7, 2023
Back in June, the company initiated the Vietnam Future Fund with the specific aim of providing support to Web3 startups based in Vietnam. Moreover, the fund emphasizes the use of their native token, $C98, which has evolved into a powerful tool for driving Web3 innovation. The open use case of $C98 holds the potential to revolutionize the way Web3 applications are created and utilized, further encouraging startups to harness its capabilities.
To ensure the efficient deployment of the Ecosystem Fund, Ninety Eight has entrusted Arche Fund, a venture arm within its ecosystem, with fund management. Arche Fund goes beyond offering value-added programs, equipping partners with essential tools, resources, and networks to bring their progressive visions to life.
Ninety Eight is dedicated to its mission of empowering Web3 startups and driving the adoption of Web3 technologies, aiming to shape the future of the decentralized internet. Startups interested in this exciting opportunity can apply for funding through Arche Fund’s submission form, marking a significant step forward in the evolution of Web3 innovation in Asia.
