South Korean cryptocurrency venture capital firm Hashed Ventures plans to launch its fourth fund overseas, focusing on global Web3 projects, and has decided not to establish funds in South Korea in the future. Hashed Ventures is currently setting up an office in Abu Dhabi, and once construction is completed, many staff members, including the CFO and CPO, will relocate there. Through this plan, Hashed Ventures will create a fund based in Abu Dhabi, focusing on global investments. Meanwhile, the firm is currently establishing its third fund, having recently completed its first round of fundraising, amounting to 30 billion won (21.4 million USD), and plans to increase it to 100 billion won (71.2 million USD) by the first quarter of next year, with more than half comprised of overseas capital. (Yonhap News Agency)