Japanese Web3 developer HashPort Group raises $8.5M in funding round

Japanese blockchain designer HashPort has actually raised 1.2 billion Japanese yen ($ 8.5 million) in a Series C funding round led by Sumitomo Mitsui Banking Corporation, The University of Tokyo Edge Capital Partners and Japanese billionaire entrepreneur Yusaku Maezawa. The business is likewise arranged to introduce a metaverse game called The Land Elf Crossing in the 4th quarter.In July 2021, HashPorts Palette Chain partnered with cryptocurrency exchange Coincheck to introduce Japans very first preliminary exchange offering (IEO), or a preliminary coin offering facilitated by an exchange. If more than 10 million individuals experience Web3 for the first time, we believe this will be a historic occasion,” Yoshida wrote.In December 2022, Cointelegraph reported that Sumitomo Mitsui Banking Corporation, now an investor in the company, partnered with HashPort to release SBTs.