Japanese arcade and game company Akatsuki has raised $20 million in funding to invest in web3 projects.
Akatsuki released a press release on Wednesday about the web3 mutual fund. The company announced that it has raised $20 million in funding to invest in web3 projects. He said that the fund, called Emoote, will support new GameFi, NFT and metaverse projects. Akatsuki is known for its investments in startup crypto projects.
As a publicly traded company, Akatsuki has set its investment focus as 50% in Asia and 40% in the United States. The rest goes to other regions.