GBA Capital Fund revealed its intention to spend more than $10 billion in the web3 sector, particularly emphasizing the Metaverse, NFTs, and physical assets.
The most recent action taken by GBA Capital Fund coincides with a period of erratic developments in web3 investments. A high of $1.8 billion in the year ending June 2022 was followed by a sharp decline to about $520 million by June 2023.
The convergence of traditional and new digital assets in Yuan assets was highlighted by Wu Ying of the Digital China Federation in her commentary on the state of the digital world today.
These assets are intended to stimulate the Greater Bay Area economy and other regions. During the ceremony, Li Haolong, the Chairman of the World Yuan Asset Association, gave a speech emphasizing the significance of the business.
He characterized the conference as a showcase for innovative applications, an industry supporter, and a technological advisor. According to Haolong, GBA Capital Group is preparing to introduce a $10 billion Yuan Asset web3 Industry Fund.
The fund will invest in a number of different areas, such as RWA, NFTs, the metaverse, and Yuan denominated assets. This project is anticipated to establish the Greater Bay Area as the “World Capital of Yuan Assets.”
Investors and guests unfamiliar with the web3 business might also learn from the conference. The creator of Huoxun Finance and the man behind the “Yuan Asset” idea, Luo Jinhai, described these assets as digital counterparts in a universe built on mathematics with special characteristics like independence, privacy, security, scarcity, and liquidity.
