<p>Korean deep tech investment firm Alchemic Investments announced that it has entered into a partnership with venture capital firm Nanuhm Angels to enhance investments in blockchain, Web3, artificial intelligence, and deep tech.</p><h2 id="header-0">Investing in the future of Web3 in Korea</h2><p>The two firms will work with the city of Incheon — a metropolitan city located near the nation’s capital of Seoul — to discover promising Web3 companies while strategically investing in and nurturing startups that aspire to innovate existing businesses using blockchain technology.</p><p>They will also participate in Incheon’s roadmap for fostering blockchain businesses after Incheon Technopark’s <a href="https://medium.com/&#64;coinness.gl/incheon-empowers-korean-blockchain-startups-with-binance-and-undefined-labs-as-accelerator-42f02ad9059b" rel="noopener noreferrer nofollow">blockchain company acceleration program</a> kicks off this year. This program supplies Incheon-based startups and small companies with the resources required to grow their blockchain businesses, thereby establishing Incheon as a blockchain hub.</p><p>“Just as Japan and Hong Kong are leading the Web3 market in Asia, many Korean startups are also likely to emerge as leaders of the market once a legal foundation is established in the country,” said Min Kyung-man, CEO of Alchemic Investments.</p><p>“We plan to support global expansion through our network with major overseas companies and institutions that highly value Korea’s growth potential in leading the technologies of the future.”</p><h2 id="header-1">About Alchemic Investments</h2><p>Alchemic Investments was established in March of this year and invests in areas such as Web3, fintech, and AI. Housing seasoned professionals in asset management and strategic investment in major corporations, the company is currently in the process of recruiting investors to establish its first fund, aiming for a funding scale of 30 billion KRW (approximately $22.7 million).</p><h2 id="header-2">About Nanuhm Angels</h2><p>Nanuhm Angels works with partners who have experience in managing funds worth 110 billion KRW, as well as acceleration experts skilled in business model validation and refinement and investor relations. Its investment portfolio consists of companies such as Rezi, Onthelook, and NS Studio.</p><p>It is also an operator of the aforementioned Incheon Technopark blockchain company acceleration program along with a consortium consisting of Web3 gaming studio Ret Games and on-chain risk rating solution developer Undefined Labs.</p>

Alchemic Investment and Nanuhm Angels Collaborate to Boost Web3 and Blockchain Investments

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