Home CryptoBitcoin Crypto Fund Youbi Capital Focuses on Singapore

Crypto Fund Youbi Capital Focuses on Singapore

by S. Jack Heffernan Ph.D
Crypto Fund Youbi Capital Focuses on Singapore

Early VC backer of Avalanche, Polkadot, Algorand aims to capture the migration of talents and users from Web2 to Web3

Youbi Capital, a leading digital asset VC fund, is betting on Singapore to drive mainstream adoption of Web3.

As a consistent early backer of elite blockchain projects like Avalanche, Polkadot, Algorand and DeBank, Youbi Capital has been quick to spot market opportunities. 

That pursuit of the next wave of crypto winners is leading the firm to set its sights on Singapore as the locus of crypto innovation.

CEO and Founder Chen Li acknowledged Singapore’s strategic value as Asia’s leading crypto hub. Investment in Singapore’s crypto and blockchain companies surged to a record $1.48bn last year – nearly half of Asia-Pacific’s total for 2021. Chen described Singapore as a melting pot of tech talent from the “old and new” worlds.

“Singapore is a crossroads for Web2 founders to learn of Web3 tech stack – and for Web3 founders to convert Web2 users,” Chen said.

“Web2’s increasing restrictions and minimal growth are producing a wave of migrating talent. As these founders move toward Web3, we look forward to funding projects that bring users to the next generation. Singapore is the perfect place for inspiration.”

Youbi Capital has invested in world-class solutions designed to create a sustainable and inclusive Web3 infrastructure since 2017. Founded by senior investment professionals on Wall Street, owners of top bitcoin mining pools and veteran crypto investors, Youbi Capital will leverage its background in the East and connections in the West to bridge the two worlds in Singapore.

The fund has backed more than 100 blockchain projects, including early backing of primary Layer 1 protocols. Youbi is also a proud early supporter of leading Asian infrastructure and application projects like MetaOne, Meson Network, Unipass, Mask Network, Double, NFTGo, and Gritti.

Youbi Capital is already playing an active role in Singapore’s blockchain ecosystem, including supporting events at Asia Crypto Week. The week of various independent side events around Asia’s leading crypto event, TOKEN2049, takes place from 26 September to 2 October. Chen is set to represent Youbi Capital as a keynote speaker around the topic of Define the Web3 UX. “Ultimately, web3 is an infrastructure revolution that greatly reduces the cost for people to collaborate,” Chen said. “Better yet, an evolving tech stack means that founders can bring web2 users into web3 integrations (like non-custodian wallets) without any impact on functionality. This could hold the key to bringing many more millions of people into web3.”

“Singapore is fertile ground to fund new ventures that onboard the mainstream, provide open ecosystems and usher in the age of decentralization – simultaneously.”

For more, visit https://youbicapital.com/

About Youbi Capital

Youbi Capital is a leading digital asset VC and accelerator focused on investing in projects that abstract the functionalities of infrastructure applications. The fund creates long-term value by investing in next-gen technologies and truly disruptive decentralized business applications.

You may also like

logo-white

Your Trusted Source for Capital Markets & Related News

© 2023 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.