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Angel Investment
KryptoGO completes 100 million yuan financing and will become the first blockchain wallet brand

In the past two years, the blockchain or web3 world has experienced a wave of ups and downs, from the hot bull market high last year to the cold and brutal bear market this year, showing the immaturity and risk of the current market. However, the development during this period has indeed made people in the traditional world aware of the potential and development of Web3, and the influx of funds is not a problem. However, in order to move towards a more mature and stable next stage and avoid the recurrence of events like FTX, embracing regulation is an inevitable direction. How to strike a balance between regulation and decentralization will be a big challenge.

KryptoGo is trying to connect the worlds of Web2 and Web3. By binding the existing account logic of Web2, such as phone numbers, to blockchain wallets, blockchain wallets have some of the existing properties of Web2, which can be traced and bound to personal identities. In the future, there will be a greater chance for traditional finance and Web3 decentralized finance to be more deeply connected, so that things like credit accumulation can be interoperable.

In addition to finance, games are also an exciting and highly developed field in the Web3 world. From 2020 to 2021, the explosion of NFT and GameFi has given games a lot more room for imagination in the Web3 world. Although so far, in the GameFi field, users still aim to get rewards rather than to have fun in the game, and the current Web3 games are indeed not very interesting. However, we also see that more and more traditional game companies are willing to try this emerging field. With more and more existing game production companies joining, we believe that playability can be solved and more different possibilities can be obtained through the special value of Web3.

Since wallets are the entry-level foundation for Web3 users, and games themselves involve frequent interactions with wallets, we believe that there will be wallets that are more suitable for players. KryptoGo’s wallet itself is optimized for NFTs, and we believe that this is a segmented scenario that can be further explored.

We are still optimistic about the next step of Web3. The arrival of a bear market can eliminate those who are too impetuous and leave behind founders and teams who really want to create value. We look forward to seeing KryptoGo develop products that can bring more value to users in the current environment and create more possibilities for the future of Web3.

Detailed report as follows: https://meet.bnext.com.tw/articles/view/49325 KryptoGo official website: https://www.kryptogo.com

AVA Angels

Anfa Angel Investment Co., Ltd.

AVA@angeltoventure.com

4F, No. 181, Zhouzi Street, Neihu District, Taipei City

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