SBI Holdings Launches $663 Million Fund to Boost Web3, AI, and Metaverse Startups in Japan
Japanese financial giant SBI Holdings is launching a $663 million fund to speed up innovation in Web3, AI, and the Metaverse. This fund is expected to change the way startups work. When it opens at the end of the year, the fund will put money into 150 to 200 new businesses in these cutting-edge fields. Each will get between hundreds of millions and tens of billions of yen. Big companies like Sumitomo Mitsui Banking Corporation and Nippon Life Insurance Company have made big commitments to the initiative, which shows how important it is from a strategic point of view. The move by SBI is in line with Japan's "Five-Year Plan for Startup Development," which wants to make Japan the biggest startup hub in Asia. As regulations change, tax reforms are also happening, and the fund's effect on Japan's crypto rules is very important. It goes into detail about SBI's visionary fund and looks at the names, titles, and trends that are shaping the startup scene in Japan for Web3, AI, and the Metaverse.
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