China to Bolster Web3 in 2024 with $10B Investment Fund

January 2, 2024 sly bacusmo NFT

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Recently announced at the Guangdong-Hong Kong-Macao Greater Bay Area Digital Economy Development Conference, the fund is to boldly empower innovative areas like VR, the Metaverse, and NFTs.

GBA Capital’s ultimate goal is to elevate the Guangdong-Hong Kong-Macao region to a prominent position in the meta-asset arena.

BREAKING NEWS 🚨

CHINA BETS BIG ON #BITCOIN & CRYPTO . 🇨🇳

CHINESE VENTURE CAPITAL FIRM GBA CAPITAL HAS ANNOUNCED A $10 PLEDGE TO ESTABLISHED A WEB3 FUND. pic.twitter.com/PKsHSkBQs0

— BITCOINLFG® (@bitcoinlfgo) December 28, 2023

Advancing Web3 Developments in Asia

In pursuit of GBA Capital’s ambitious aims, organizing “meta-asset global tours” in major cities across the globe is part of its plans — highlighting the advantages of digital assets to position the Guangdong-Hong Kong-Macao region as a Web3 powerhouse.

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