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Blockchain Tech in Singapore

Singapore's blockchain VC firm NGC Ventures raises $100 million

Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
Updated
Singapore's blockchain VC firm NGC Ventures raises $100 million
Photo by Shubham Dhage / Unsplash

NGC Ventures, a Singapore-based blockchain and financial technology firm has raised $100 million in its new funding round to support web3-focused projects.

  • The crypto firm will fund early-stage projects in web3 including decentralized finance (DeFi), non-fungible tokens (NFTs), and GameFi (blockchain-based play-to-earn games using DeFi and NFTs).
  • Babel Finance, Huobi Ventures, and Nexo Ventures participated in the funding round.
  • The metaverse firm invested parts of its last raised funds in blockchain projects including Solana, Oasis, and Algorand.
Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
Updated

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