Hashed, a South Korean Blockchain Venture Company It revealed it plans to raise additional funding to support the GameFi project after losing more than $3.5 billion from the Terra LUNA crash in May.
Hasshed CEO Simon Seojoon Kim told Bloomberg in a press release.give an interviewthat he still believes in crypto assets and will continue to support promising industrial projects Despite the huge loss two months ago
Hashed was founded in 2017 by a team of entrepreneurs and engineers. It has supported many famous blockchain projects including Axie Infinity, The Sandbox.
Hashed first invested in Terra in 2019, making it one of the earliest investors to support the project. It also invested in the Terra ecosystem in the following year, and in 2021 it participated in TerraForm Labs’ $25 million funding.
The company’s LUNA holdings were worth $3.6 billion when Luna’s trading price hit an all-time high in April 2022. However, Hashed lost everything during the collapse. This is because the company has retained 99% of its tokens since the crash.
However, Simon Seojoon Kim believes that Hashed will be able to survive and overcome setbacks.
“In the technology sector There is no portfolio that guarantees success. And we invest with that in mind. But we believe in community growth. and that never changes.”
The company intends to increase investment in the GameFi sector, including NFT and metaverse, with Kim believes that the metaverse of P2E games will be connected to the real world. As blockchain gaming projects explore ways for users to trade assets between virtual and real worlds.
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