IOST Partners with Leading Korean Venture Capital, HG Ventures
In an exciting development for the IOST community, we are thrilled to announce our partnership with HG Ventures, one of the foremost venture capital firms in South Korea’s burgeoning blockchain landscape.
Since its inception in 2017, HG Ventures has been a front-runner in the blockchain investment domain, spearheading more than 300 diversified projects. Their portfolio boasts impressive achievements, particularly in emerging sectors such as NFTs (Non-Fungible Tokens), P2E (Play-to-Earn), and GameFi. Their strategic investments and commitment to nurturing nascent technologies underline their robust reputation in the Korean blockchain ecosystem.
IOST has recently amplified its footprint in South Korea, investing in pivotal local projects like the virtual asset chat service ‘Coin Live’ and the ‘Cappy’ project, an initiative led by ‘FreeCap,’ a financial subsidiary of AfreecaTV. These ventures illustrate our persistent endeavors to fortify collaborations with indigenous teams and businesses, thus reinforcing our presence in the vibrant Korean market. Furthermore, with events such as Demo Day, hackathons, and meetups in Hong Kong and Japan, we are accelerating our outreach, solidifying our influence in the broader Asian region.
This collaboration with HG Ventures promises to elevate IOST’s stature in the domestic arena. The partnership aims to bolster the onboarding of promising projects within the IOST network and to invigorate the incubation initiatives. As an IOST node partner, HG Ventures will play a pivotal role in augmenting our ecosystem, substantially contributing to the overall advancement of the IOST blockchain network.
We are optimistic about what the future holds with this partnership, and we’re eager to explore the myriad opportunities it will undeniably usher in for the IOST community.
Stay tuned for more updates!
About IOST
IOST, established in 2017 and headquartered in Singapore, is an enterprise-level blockchain application platform supported by globally renowned venture capital firms such as Sequoia Capital, IDG, and ZhenFund. With its core values of innovation, openness, collaboration, and sharing, IOST possesses a unique competitive advantage in the field of Web3 metaverse music. IOST 2.0 boasts high throughput and availability, making it a true Web3 blockchain operating system.
As a pioneer in Web3, IOST is dedicated to driving innovative development within the on-chain ecosystem. It has made significant progress in consensus algorithms (PoB/PoI), decentralized identity (DID), zero-knowledge proofs (SNARKs and ring signatures), Relay Based Protocol, DeFi, NFTs, AI, XR, and many other domains.
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