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Amber Group, a leading global digital asset company, marked the first anniversary of the Amber Eco Fund, its first venture fund launched in October 2022 to provide early-stage support for Web3 ventures.
Anchored by a sovereign wealth fund and prominent family offices across Asia Pacific, the Amber Eco Fund is dedicated to fostering the growth of the Web3 ecosystem and empowering visionary founders globally. In its first year of operations, the Fund has already made meaningful progress toward its goal by strategically investing in core sectors of Web3, including infrastructure, gaming, DeFi and social networks. Notable investments include 0xScope, Memeland, PADO Labs, Starkware, and RockX, all of which have demonstrated tremendous growth and achievements with the support of the Fund. Memeland, a Web3 venture studio by Web2 mainstay 9GAG, has achieved early success with its meme-themed NFT collections, generating significant revenue from a large community of over 2.6 million fans on X. PADO Labs, a zkAttestation protocol dedicated to bringing Web2 data into Web3 smart contracts via cryptography, was selected for the prestigious Consensys Fellowship Program in recognition of its innovative efforts advancing the frontiers of Web3 technology. RockX, one of Asia's leading institutional-graded staking platforms, has seen its staking AUM pass $ 1 billion and its liquid staking product Bedrock achieve over $30 million within three months of launch. Source: PR Newswire
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