Whampoa Group Establishes Whampoa Digital for Web3 Investments
According to reports, the Singapore family office Whampoa Group announced the establishment of a new digital investment institution, Whampoa Digital, and appointed Sherwin Koh and Tim Tan as co investment directors. Sherwin Koh was an early Ethereum and Monroe miner, and also invested in products such as Decentraland and Polygo. Tim Tan was an early employee of QCP Capital, a digital asset trading company. Whampoa Digital will invest in products and services that support and promote large-scale adoption of Web3 through equity and tokens in the future. It is understood that it will deploy $100 million before expanding its investment scale.
Digital investment agency Whampoa Digital plans to deploy $100 million for Web3 investment
Analysis based on this information:
Whampoa Group, a Singapore-based family office, has recently announced the establishment of a new digital investment institution, Whampoa Digital. The company has appointed Sherwin Koh and Tim Tan as co-investment directors. Whampoa Digital aims to invest in products and services that promote and support the adoption of Web3. The company plans to deploy $100 million initially, before expanding its investment scale further.
Sherwin Koh and Tim Tan bring significant expertise to the new company. Sherwin Koh was an early miner of Ethereum and Monero, and has also invested in products such as Decentraland and Polygon. On the other hand, Tim Tan was an early employee of QCP Capital, a digital asset trading company.
Whampoa Digital’s primary goal is to invest in products and services that fuel the growth of the Web3 ecosystem. The company intends to achieve this objective by investing in equity and tokens. The larger adoption of Web3 has seen significant demand globally, as more investors seek to partake in this new investment market. Web3’s decentralized architecture presents a paradigm shift from the traditional internet ecosystem. It eliminates intermediaries such as data brokers, web hosting services, and social media giants.
Whampoa Digital’s approach to investing in Web3 is expected to position the company for significant returns, as the demand for Web3 products continues to grow globally. Singapore, as a regional hub for business, presents several opportunities for investments, with its unique legal framework and favorable structure for foreign-owned digital investment firms.
In summary, Whampoa Digital’s entry into the investment market is a significant move that seeks to tap into the growing enthusiasm for Web3, as investors look to take advantage of the potential benefits of this new investment market. With Sherwin Koh and Tim Tan’s expertise, the company can leverage on their knowledge and experience in the crypto market to make well-informed investments in the Web3 ecosystem.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/6781/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
The zkSync Era primary network has recovered from blocking
On April 1st, according to the zkSync Era blockchain browser, the zkSync Era main network has now recovered from blocking. Previously, it was reported that the main network of zkSy
-
Nordic Innovation Center of BIS Seeks Offline Functions in CBDC
It is reported that the Nordic department of the Innovation Center of the Bank for International Settlements is inviting technology suppliers to submit the ide…
-
#The Downfall of Zipmex: What Went Wrong and What’s Next
According to reports, ZMT plummeted 50% to $0.5 after news of Zipmex\’s funding problems and potential liquidation emerged. In addition, due to missed payments, more than 100 employ
-
Yunnan Province: Revolutionizing Big Data Collection Through Blockchain and Biological Resources
According to reports, on March 23, according to the news from the Development and Reform Commission of Yunnan Province, currently, 16 institutions in the province have entered the
-
US Congressman Calls on Congress to Take “Joint Action” on Cryptocurrency Regulation
According to reports, Representative French Hill, chairman of the newly established House Financial Services Subcommittee, which focuses on digital assets, said that Congress needs
-
Why can’t Ethereum sell (why can’t Ethereum trade)
Why can’t Ethereum sell Ethereum? Because you can’t understand the value of Ethereum, you can’t use it as a currency If you want to make money in the coin circle, please don’t believe in so-called high-risk investments. For those who do not have the ability to participate in the encryption industry, the most important thing is how to sell their tokens to others in order to achieve greater profits. But if you want to achieve long-term development in the field of digital assets, you must be mentally prepared. Therefore, Ethereum is regarded as a “speculative” investment tool because of its high uncertainty and volatility. And its price is also easily affected by manipulation and incorrect pricing, which can cause investors to face losses Why can’t Ethereum trade Why can’t Ethereum trade? This is because the forked coins of ETH2.0, such as BCH and BSV, cannot execute transactions on the chain, resulting in the block height not reaching the limit and…
-
Table of Contents
According to reports, CME Group has announced plans to expand its cryptocurrency option contracts in standard and micro Bitcoin and Ethereum contracts starting from May 22nd, and i
-
What kind of currency is LotX
LotX is an anonymous project block trading platform that went live on March 29,
-
What is Quoine (What does Quora mean)?
What is Quoine? According to official sources, Quoine is a blockchain-based prog
-
XRP Market Trading Volume Skyrockets by 46% in Q1 2021
According to reports, according to CryptoCompare data, the XRP market trading volume increased by 46% month on month in the first quarter, which is likely due to a combination of s
-
Whale Addresses Accumulate 20,007 Bitcoin Shares in Two Days Following One Month Sell-Off
On April 23rd, according to the latest data from on chain analysis company Santiment, whale addresses holding 100-1000 Bitcoins have increased their holdings of 20007 Bitcoins in t
-
LooksRare Questions OpenSea’s Implementation of Measures to Increase NFT Market Liquidity
It is reported that LooksRare in the NFT market sent a message on social media, saying that he hoped that OpenSea would not be blocked by Operator Filter again…
-
#Binance Labs Invests in GOMBLE – A Blockchain-based Gaming Startup
On April 20th, it was announced that Binance Labs has promised to invest in GOMBLE\’s seed round financing, but the amount of funds has not been disclosed. It is reported that GOMBL
-
What does the total amount of Bitcoin mean (How much Bitcoin is there)
What does the total amount of Bitcoin mean? According to Bitcoinist, based on bi
-
Cairo Programming Language Book: A Beginner’s Guide to Cairo Language
On April 18th, it was announced that the Cairo Programming Language Book document, created by the Cairo language community and contributors, has been released, explaining the conce
-
Pow.re Secures Long-term Fixed-rate Electricity Contract in Paraguay
It is reported that Pow.re, a Canadian encryption mining enterprise, signed a contract for 100 megawatts (MW) of electricity in Paraguay with a five-year fixed…