Coin98 Ventures, originally founded in 2021 as the venture arm of Vietnam-based Coin98 Finance, announced an extensive rebrand to Arche Fund on August 31, 2023. This move is designed to refocus the company’s efforts on supporting emerging ideas and businesses shaping the country’s future. the Web3 ecosystem.
A multi-level strategy for Web3 support
The rebrand comes with a revamped operating framework aimed at improving the precision of the company’s investment model and broadening the scope of its strategic support. Founded less than three years ago, Coin98 Ventures already has a remarkable investment record, including a partnership with the Solana Foundation and investments in more than 30 Web3 companies and protocols since 2021.
According to the company official announcementthe renewed Arche Fund will operate around three fundamental pillars:
- Arche Ventures: A venture capital division focused on early stage Web3 projects.
- Kompass: A Web3-specific acceleration program aimed at guiding emerging Web3 companies through their development.
- Arche Capital: A dedicated funding source for breakthrough ideas in the Web3 space.
The fund promises to provide robust financial support and essential resources, tailored to the specific needs of each project.
From Coin98 Ventures to Arche Fund: A Record of Investments
Before the transformation, Coin98 Ventures had an established track record, including a $5 million investment fund in partnership with the Solana Foundation. The company’s portfolio also included Web3 projects such as GuildFi, Magic Eden and Aura Network.
Unveiling the vision behind the Arche Fund
Inspired by Greek philosophy, Arche – pronounced /a-ki/ – means the ‘First Principle’. The name is intended to convey the company’s intent to become a “trustworthy cornerstone for Web3 Builders,” as outlined in the announcement.
Arche Fund’s mission goes beyond capital investment. The aim is to provide a holistic range of support services that can be customized based on the needs of individual projects. “Depending on the specific requirements, phase and scale of the Web3 project, we at Arche offer advice to choose the most appropriate pillar,” the company’s statement said.
The future of Arche Fund
Arche Fund is committed to promoting the mass adoption of Web3 technologies. The rebranded company sees its role as an influential participant in the growing Web3 ecosystem, rather than a controlling entity. “Instead of control, our approach is about elevating ideas and upholding the core values of each project,” the company clarified in the announcement.
With this extensive rebranding and strategic reorientation, Arche Fund aims to strengthen its position as a key player in the advancement of the Web3 ecosystem.
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