South Korea's leading crypto venture, Hashed has invested $28.44 million (36.8 billion won) in various blockchain projects throughout the year.

Reported by Econovill, Hashed's strategic focus centers on early-stage ventures aiming to expand their user base by enhancing blockchain infrastructure and integrating content and intellectual property rights (IP).

With 29 executed investments, Hashed demonstrates a balanced allocation across different sectors, with blockchain infrastructure, gaming, and finance each commanding 21%, while IP and content-related startups secure 15% of the allocations.

Venture Interest

Hashed's diversified portfolio includes early-stage startups capable of leveraging blockchain infrastructure across O2O platforms, sharing economy initiatives, and artificial intelligence startups.

Geographically, Korea dominates the investment landscape with a 38% share, followed by North America at 21%, Europe at 7%, and other Asian regions, including Singapore, at 34%.

Among the 20 new companies receiving investments are Radius, a shared sequencing layer developer, Decentralised Gaming Ventures (DGV), a web 3.0 game venture studio, Another Ball, the operator of the Virtuber platform Izumo, and DeLabs, a Web3 gaming studio.

Moving Forward

Hashed, despite past setbacks involving regulatory scrutiny over its CEO Simon Seojoon Kim, has successfully made nine follow-up investments in companies like Archway, a Cosmos-based DApp developer compensation layer-1 project, Payhere, a mobile-based POS platform, and DFNS, a decentralised API solution for digital asset custody.

Managing two funds totaling 360 billion won through Hashed Ventures, Hashed actively engages in resource activities to nurture the development of a Web 3 ecosystem.

The total portfolio of companies invested in through funds 1 and 2 now stands at 86.

Meanwhile, Hashed's policy think tank, dubbed 'Hashed Open Research (HOR),' actively conducts research and formulates policy recommendations, regularly releasing reports and hosting seminars.