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Investors jumping into Web3 find the rules are not so simple

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

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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

    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?

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