🚀 SBI Holdings established a fund worth 663 million USD to invest in Web3, AI & Metaverse
SBI Holdings - a financial services group headquartered in Japan, has just announced the establishment of an investment fund worth up to 100 billion yen (about 663 million USD) for investment plans in web3 startups and artificial intelligence. (AI) and metaverse.
It is expected that initially, the fund will invest from hundreds of millions to tens of billions of yen in 150-200 companies in the web3, AI and metaverse segments.
Previously, Prime Minister Kishida's Government issued the "5-year Startup Development Plan" with the goal of creating 100 unicorns and 100,000 startup companies, making Japan the largest startup center in Asia and the largest startup center in Asia. top of the world.
Japan has begun integrating Web3, and has other opening moves such as funding metaverse and NFT projects, lifting the ban on stablecoins issued abroad, exempting token issuers from corporate tax, allowing allows raising capital using crypto.
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