Early-stage crypto fund Hashed has launched a new startup studio dedicated to supporting metaverse and NFT applications. The subsidiary, called UNOPND, will research and launch promising protocols, especially those being built in the Ethereum and Terra ecosystems.
Simon Kim, co-founder and CEO of Hashed said: “Hasheed is excited to lead the effort in making blockchain mainstream. fragmentary.
“The financial application of blockchain is one of the many areas we are currently exploring, and we find it appropriate to offer our support to teams and founders who are willing to explore the full potential of blockchain in other creative ways through UNOPND.”
An ecosystem for creators and users
The startup studio backed by Hashed will draw on the network and expertise of its South Korean-based parent company, which Raised $120 Million In just three months last year.
Hashed was founded in Seoul in 2017 and has incubated a slew of blockchain-powered startups, including, most recently, the stablecoin platform Kokoa Finance. UNOPND is the company’s first investment arm dedicated to the rapidly expanding metaverse/NFT sector.
“UNOPND will build an ecosystem for creators and users, providing innovative services that reveal the value of the blockchain,” said Chan Lee, CEO of UNOPND.
We have seen that many blockchain-based games and social services are becoming increasingly popular in recent years. We want to focus on market demand, especially communities, to find the most attractive products.
Although Hashed has largely focused on traditional crypto startups interested in asset issuance and trading, UNOPND will focus exclusively on emerging use cases for blockchain technology.
Immersive metaverse projects such as Axi Infinitywhich recently had a valuation of $30 billion, has attracted a lot of attention in recent months and given rise to the term gamefi, which is a mixture of games and challenge.
In metaverse-based games, participants can compete to win non-fungible tokens (NFTs), which are dispensed when players complete missions, collect treasures, or defeat other players.
Many platforms also come with integrated marketplaces, allowing players themselves to buy and sell tokenized collectibles in-game – sometimes for a healthy profit.
Metaverse for fans
By supporting NFTs and games based on the metaverse, Hashed aims to boost crypto adoption by helping younger users – including those who were previously immune to the fascination of digital currencies.
NFTs enter the conversation by providing ownership certificates for 3D items traded in the game, whether it’s character skins, weapons, vehicles, or even virtual real estate.
In addition to providing startup capital, UNOPND will provide all necessary support (public relations, community engagement, and strategic advisory) to enable developers to focus on building rich ecosystems that meet the expectations of players.
In the meantime, Hashed will pave the way for business networking and additional VC support as necessary.
Hashed isn’t the only company with a long-term view of metaverse. last month facebook announce It will invest $50 million in global metaverse research, with Mark Zuckerberg claiming that the company will transition from being a social media entity to being a metaverse entity.