South Korean crypto venture fund Hashed has announced the launch of UNOPND, a new studio dedicated to backing non-fungible token (NFT) and metaverse applications. According to the company, the new startup will be responsible for researching and bootstrapping promising initiatives -- especially those within the Ethereum and Terra ecosystems.
Founded in 2017, Hashed has incubated a wide variety of blockchain-based startups. However, UNOPND will be the company's first investment devoted to the metaverse and NFT sector, which Chan Lee, UNOPND's CEO, predicts will continue to rise in popularity, especially in the space of gaming.
"UNOPND will build an ecosystem of creators and users and provide innovative services that unveil the value of blockchain,’ explained Lee in a recent press release.
Metaverse-Focused Incubators
Hashed Launches Unopnd, a New Studio Dedicated to the Metaverse
Trend Themes
1. Metaverse Incubation - Increasing investment in incubating startups focused on metaverse and NFT applications presents an opportunity for the development of new disruptive technologies and platforms.
2. NFT Innovation - New initiatives dedicated to researching and bootstrapping NFT applications may lead to disruptive innovations, particularly in the gaming industry.
3. Ethereum and Terra Ecosystems - Investment specifically in the Ethereum and Terra ecosystems presents an opportunity for the development of new technologies and platforms that leverage the unique features of these ecosystems.
Industry Implications
1. Blockchain - The establishment of metaverse-focused incubators points towards continued innovation in the blockchain industry, particularly with regards to NFTs and gaming applications.
2. Gaming - The focus on metaverse applications and NFTs within the gaming industry represents an opportunity for disruptive innovation in game development, user experiences, and revenue models.
3. Venture Capital - The establishment of a new studio devoted to incubating metaverse startups signals a potential opportunity for venture capital firms looking to invest in the blockchain ecosystem and emerging technologies.