ChainCatcher news, the operator of the Web3 game platform WEMIX PLAY, Wemade, has reached a strategic partnership with Singapore's Whampoa Digital to jointly launch a $100 million Wemade Web3 fund.As part of the collaboration, Whampoa Digital will become Wemade's ecosystem partner in the WEMIX PLAY center at the DIFC Innovation Center, supporting developers collaborating with the WEMIX PLAY center. Both parties will engage in reciprocal transactions and project recommendations, particularly in the Web3 space, and may also co-invest in promising projects.It is reported that Whampoa Digital is the technology investment arm of Whampoa Group and an early investor in digital assets and Web3 enterprises.

Chain Catcher news, Shawn Chan, CEO of Singapore's Whampoa Group, stated that the company plans to deploy approximately $100 million in emerging digital asset startups through a venture capital fund, with plans to scale up afterwards, investing in equity and tokens of products or services that support and promote the large-scale application of Web3. The fund may be launched in the next quarter.It is reported that Whampoa Group has invested in about 200 companies over the past 10 years, including the $500 million fund launched by ByteDance and Binance Labs in the second quarter. (Source link)