KBank Launches $100 Million AI and Web3 Focused Fund
Date: 2023-09-15 Author: Karina Ziganova Categories: BUSINESS
The structure, called KXVC, is aimed at infrastructure projects, including blockchain developers and validators.
Teams focusing on zero-knowledge proofs and liquid staking will be taken into account.
More than 30 companies, including the fund, are ready to support them.
Previously, Kasikorn Business Technology Group worked with companies such as 1KX, Hashkey Capital and Symbolic capital.
In March 2023, the Thai Cabinet abolished corporate income tax and value added tax for companies issuing digital tokens for investment.
Funds raised by crypto firms for the period from July to August increased by 39.8% compared to the previous month, according to RootData statistics.
