According to ChainCatcher news, as reported by e27, the Philippine startup accelerator Archipelago Labs (A-Labs), supported by the Philippine Digital Asset Exchange (PDAX), Oak Drive Ventures, and Magellan Digital Investment Group, has launched a $10 million Web3 fund. Archipelago Labs will provide investment and consulting services, and also hopes to host hackathons and incubators for specific verticals. (Source link)

ChainCatcher news, according to Manila Bulletin, Archipelago Labs (A-Labs) has officially launched an entrepreneurship accelerator program aimed at investing in and incubating startups and talent within the Web3 ecosystem.It is reported that Archipelago Labs has received support from the Philippine Digital Asset Exchange (PDAX), Oak Drive Ventures Inc., and Magellan Digital Investment Group (MDIG). Its investment focus will be on Web2/Web3 interactions, consumer applications, infrastructure tools, DeFi, and the metaverse. Currently, the startup Playdex, which is building infrastructure for Web3 gaming through an NFT leasing market, has become one of the first accelerator members of Archipelago Labs. (Source link)