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Born Ready initiates a $10 million fund to support Web3 projects across the APAC region

ByYasmeeta Oon

Apr 10, 2024
Born Ready initiates a $10 million fund to support Web3 projects across the APAC region

Born Ready initiates a $10 million fund to support Web3 projects across the APAC region

Born Ready, a venture fund at the forefront of Web3 innovation, joins forces with Catalyze Research to unveil the Catalyze Futureverse Ecosystem Fund, a US$10 million investment initiative. This collaboration aims to catalyze innovation in the Asia-Pacific region, particularly in burgeoning sectors such as Web3, metaverse, AI, and content creation. Selected startups will gain access to resources and support within the Futureverse ecosystem, which encompasses the groundbreaking blockchain platform, The Root Network.

The Catalyze Futureverse Ecosystem Fund is strategically positioned to fuel the growth of nascent businesses across the Asia-Pacific, with a keen emphasis on innovation within the realms of Web3 technologies, metaverse development, artificial intelligence, and content creation. By identifying promising ventures and providing them with financial backing and strategic guidance, the fund seeks to nurture a vibrant ecosystem of forward-thinking enterprises.

Selected Investments from Catalyze Research
CompanyIndustry FocusInvestment Amount (USD)
Matic NetworkWeb3 Infrastructure$X million
BiconomyBlockchain Interoperability$Y million
Numbers ProtocolDecentralized Finance$Z million

The partnership between Born Ready and Catalyze Research is poised to generate significant synergies, fostering innovation and driving exponential growth within the burgeoning Web3 landscape. By leveraging the expertise and resources of both entities, the Catalyze Futureverse Ecosystem Fund aims to facilitate the development of groundbreaking solutions that push the boundaries of technological advancement.

With South Korea emerging as a key hub for Web3 innovation, the Catalyze Futureverse Ecosystem Fund holds immense potential to transform the startup landscape in the region. According to data from intelligence firm Research and Markets, the metaverse market in South Korea is projected to witness exponential growth, with a spending value expected to reach US$43.4 million by 2030. By harnessing this momentum, the fund aims to empower aspiring entrepreneurs and catalyze the emergence of cutting-edge technologies.

Founded in 2016 by Aaron McDonald and Shara Senderoff, Futureverse has been at the forefront of innovation, driving advancements in AI and metaverse technologies. Building on its success, the company launched Born Ready, a US$50 million fund and venture studio, in August 2023. This initiative marked a significant milestone in Futureverse’s journey, further solidifying its commitment to fostering innovation and empowering the next generation of disruptors.

In July of the previous year, Futureverse secured a pivotal investment of US$54 million in a Series A funding round led by 10T Holdings, with participation from Ripple. This influx of capital not only validated the company’s vision but also positioned it for accelerated growth and expansion.

Established in 2017, Catalyze Research has established itself as a leading consulting firm specializing in the blockchain industry. With a focus on fostering innovation and driving adoption, the company has played a pivotal role in supporting groundbreaking projects within the Web3 ecosystem. Past investments include Matic Network (now Polygon), Biconomy, and Numbers Protocol, highlighting Catalyze Research’s commitment to nurturing cutting-edge technologies and driving transformative change.

As the Catalyze Futureverse Ecosystem Fund takes shape, it stands poised to catalyze a new era of innovation in the Asia-Pacific region and beyond. By providing aspiring entrepreneurs with the resources and support they need to thrive, the fund aims to unlock new opportunities and drive positive change. With Born Ready and Catalyze Research at the helm, the future of Web3 innovation has never looked brighter.

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Featured Image courtesy of DALL-E by ChatGPT

Yasmeeta Oon

Just a girl trying to break into the world of journalism, constantly on the hunt for the next big story to share.

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