OpenPad AI Announces $30M Fund For Web3 Gaming Ecosystem, co-hosted with Sei

summy Morphe
August 2, 2024
Press release
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Singapore, Aug 2, 2024 — OpenPad AI is proud to announce the establishment of a $30 million ecosystem incubation fund, powered by top-tier venture capital firms: Bing Ventures, ZBS Capital, Castrum Capital, PMZ Capital, Founderheads, HashKey Capital, GDA Capital, Oddiyana Ventures, Basics Capital, GeekCartel, Web3Port Foundation, Simplicity Group, Gate Labs … This significant event, co-hosted with Sei, aims to drive innovation within the blockchain and Web3 gaming sectors, providing crucial support for transformative projects that will shape the future of decentralized technology.

OpenPad, the first AI decentralized investment platform, leverages artificial intelligence to make smart investment recommendations in the blockchain space. Sei, a leader in blockchain technology, brings extensive expertise and resources to this partnership, enhancing the fund’s ability to foster groundbreaking innovations.

The $30 million fund aims to revolutionize the blockchain ecosystem by accelerating the growth of pioneering startups and projects. Its mission is to provide substantial support, including financial resources, mentorship, and other essential tools, to help innovative ventures achieve their full potential and drive significant advancements in decentralized technology.

Several programs will be launched under this fund, including game grants, incubation programs, and acceleration programs, aimed at fostering innovative ideas and projects. A key highlight is the Web3 Project Online Pitching Day, scheduled from August 2 to August 23, focusing on GameFi projects. This event will provide robust funding for the implementation of the end-to-end development of projects.

This initiative is supported by a diverse array of venture capitalist partners, including Castrum Capital, ZBS Capital, Bing Ventures, PMZ Capital, Founderheads, HashKey Capital, GDA Capital, Oddiyana Ventures, Basics Capital, GeekCartel, Web3Port Foundation, Simplicity Group, Gate Labs … and several other key entities. Their combined expertise and resources will create a robust support system for emerging projects.

Daniel T., the co-founder of OpenPad, stated, “This fund is not just about financial backing; it’s about strategically empowering projects that can redefine the blockchain landscape. By integrating AI-driven insights with robust support structures, we are setting the stage for unparalleled innovation.”

This strategic move underscores OpenPad’s commitment to supporting innovative blockchain projects and fostering a vibrant decentralized ecosystem.

About OpenPad

OpenPad is the first AI decentralized investment platform dedicated to leveraging artificial intelligence to make smart investment decisions in the blockchain space. By providing comprehensive support for Web3 projects, OpenPad aims to drive innovation and foster the growth of transformative technologies in the blockchain and web3 gaming sectors.

For more information, visit OpenPad’s website.