Vietnamese Web3 Coalition Launches $25 Million Ecosystem Fund for Web3 Startups in Asia

Ninety Eight, a Vietnamese Web3 coalition and creator of the Coin98 DeFi ecosystem, has launched a $25 million ecosystem fund to support Web3 startups in Asia. The fund will offer financial and strategic assistance to selected startups, as well as access to the firm's Viction layer-1 blockchain infrastructure for low-gas fee transactions and enhanced security. The Ninety Eight Ecosystem Fund's native token, $C98, can be used for storing, sending, receiving, and managing crypto assets, as well as connecting to decentralized applications on over 40 blockchains. Arche Fund, a venture arm within the Ninety Eight ecosystem, will manage the fund and work closely with selected startups to maximize their potential.