- GBA Capital, a Hong Kong VC firm, launched a $10 billion fund to invest in Web3 and metaverse startups in the Guangdong-Hong Kong-Macao region.
- GBA Capital plans global showcases and metaverse tours to improve the international visibility of China’s metaverse innovations and startups.
- With support from regulators and abundant capital, China aims to transform the Bay Area into a leading global hub for Web3 and metaverse technology.
China is seeing rapid growth in Web3 and metaverse startups. Major venture capital firms are launching multi-billion dollar funds to invest in this space. The future of digital assets in China is looking very promising.
GBA Capital’s $10 Billion Web3 Fund
GBA Capital, a Hong Kong-based VC firm, recently announced a $10 billion fund dedicated to Web3 and metaverse startups. The fund aims to make the Guangdong-Hong Kong-Macao region a global hub for metaverse innovation. GBA Capital is backed by major Chinese financial institutions and has close ties to government.
Expanding Global Visibility
GBA Capital plans to host metaverse tours and events across the world. These global showcases will highlight developments in VR, NFTs, and other emerging technologies. The goal is to improve the international visibility of China’s metaverse startups and innovations.
Rapid Growth of Digital Economy Investments
Chinese VCs and corporations are pouring money into the digital economy. Earlier this year, GBA’s subsidiary Zhongrong raised $14 million to invest in AI and Web3. Regulators are also supporting growth by drafting crypto licensing frameworks. The Bay Area is becoming a magnet for overseas Web3 companies.
China Aims to Lead the Metaverse Race
With abundant capital, strong government backing, and rapid startup growth, China aims to be a leader in metaverse and Web3 innovation. The country is pushing to transform the Bay Area into a global hub for virtual assets and next-generation internet technology. Chinese VCs have their sights set on dominating the future of the digital world.