The Business Times
business-time-50
SUBSCRIBERS

Investors jumping into Web3 find the rules are not so simple

Interest in Web3 is at a high, but investments need a different approach

google-preferred-sourceAdd BT as a preferred source
Claudia Chong

Claudia Chong

Published Wed, May 11, 2022 · 10:36 AM
    • White & Case partner Jonathan Olier (left) said founders and investors tend to overlook a few key aspects in Web3 deals. Openspace Ventures' Amy Zhao (right) said the firm's Web3 fund has a higher risk profile but exits are quicker.
    • White & Case partner Jonathan Olier (left) said founders and investors tend to overlook a few key aspects in Web3 deals. Openspace Ventures' Amy Zhao (right) said the firm's Web3 fund has a higher risk profile but exits are quicker. White & Case; Openspace Ventures

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    ALL over South-east Asia, private market investors are witnessing a shift in conversation and money flows. Some of the smartest people they know have started discussing Web3 – a next version of the Internet based on decentralised technology.

    Engineers and top executives from the likes of Grab, Meta and Amazon are leaving to build Web3 startups. Funding is pouring into the space like never before, and seemingly out of nowhere, a unicorn has emerged from Vietnam after creating the global hit game Axie Infinity.

    It's enough for tech investors – some who haven’t even made a definitive mark on the Web2 space – to ask themselves: Just what am I missing?

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Web3Venture capitalStartupsCryptocurrencies

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Air India has been one of the foreign carriers most affected by the outbreak of hostilities in the Middle East.

    Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss

    Chinese Foreign Minister Wang Yi stopped short of explicitly naming the US or Israel as aggressors, a telling omission from a country that otherwise speaks with little diplomatic timidity.

    Beijing’s calculated silence on the Iran war 

    US President Donald Trump (left) with Chinese President Xi Jinping at a bilateral meeting on the sidelines of the Apec summit in Busan last October.

    China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result

    Eu Yan Sang group chairman Richard Eu has been with the company since 1989 and has seen plenty of change over the years, such as how employees view their jobs.

    Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More