Widus Partners USD30m+ Web 3.0 Investment Fund Launch Announcement
Widus Partners (“Widus”) is pleased to announce the launch of its first USD30+million strategic Web 3.0 investment fund targeting the gaming sector. The fund will invest in gamefi content, NFT, infrastructure, and application layers with the belief that the innovative solutions in the ecosystem will continue to grow exponentially in the coming years.
Crypto markets have continued to face downside pressure in 2022 due to geopolitical factors relating to government monetary policy, inflation concerns, and the downfall of several large crypto companies and funds such as Terra, Celsius, and 3AC. Despite this “crypto winter,” markets have remained resilient as numerous projects designed to improve the ecosystem continue to be rolled out, demonstrating the developer community’s strength and robustness.
The fund’s investment thesis is to invest in projects that demonstrate, educate, and ultimately grow and evolve the USD250bn gaming industry through blockchain technology. A steady stream of solid pipeline opportunities from notable co-investment VC partners and veteran gaming companies worldwide in both Web 2.0 and Web 3.0 have opened up a blue ocean of new opportunities that, we believe, will pave the way to a new era of decentralized community-driven gaming.
Widus recognizes that the gamefi-as-a-service sub-sector is becoming increasingly important as a utility use case within Web 3.0. The fund has already deployed capital into several projects founded on ‘game-first’ principles and infrastructure distribution. Widus will continue to look for cross-chain/cross-platform investment and collaboration opportunities as it expands its footprint into the U.S. and Southeast Asia.
Since its inception in 2010, Widus has built a strong track record of investment and advisory mandates across Asia through its expertise in the Korean capital markets. With Korea continuing to be at the forefront of global content development, representing Asia across music, movies, and gaming IP, Widus believes there is more opportunity to build strategic relationships with conglomerates and startups.
Having worked on some of the most significant blockchain projects coming out of Asia since 2018, Widus has built deep relationships and experience in the Web 3.0 sector. With its flourishing fund management business and extensive networks across Asia and the West, Widus is firmly positioned to benefit from these emerging Web 3.0 investment opportunities.
Widus will continue to look for opportunities to build on its initial Web 3.0 fund and nurture its portfolio of incubation projects. It will invest in projects it genuinely believes in and aligned with its conviction that its investments will grow and scale within the suite of value-add advisory capabilities it offers, regardless of any external market conditions and volatility.
