At a recent digital economic development conference, GBA Capital Fund made a significant announcement of its plan to invest over $10 billion in the web3 industry, with a focus on the Metaverse, NFTs, and real-world assets. This move by GBA Capital Fund comes amidst fluctuating trends in web3 investments, with investments dropping from $1.8 billion in the twelve months leading up to June 2022 to approximately $520 million by June 2023.

During the conference, Wu Ying of the Digital China Federation discussed the current digital landscape, emphasizing the convergence of traditional and modern digital assets in Yuan assets to boost the economy in the Greater Bay Area and beyond. Li Haolong, Chairman of the World Yuan Asset Association, also highlighted the importance of the event, describing it as a technological guide, industry supporter, and platform for new applications.

Haolong announced the launch of a $10 billion Yuan Asset web3 Industry Fund by GBA Capital Group, aiming to invest in sectors such as Yuan denominated assets, the metaverse, NFTs, and RWA. This initiative is expected to establish the Greater Bay Area as the “World Capital of Yuan Assets.” The conference also served as an educational platform for investors and attendees new to the web3 industry.

Luo Jinhai, founder of Huoxun Finance and the creator of the “Yuan Asset” concept, explained these assets as digital equivalents in a math-based universe, offering unique features like independence, privacy, security, scarcity, and liquidity. This initiative aims to drive innovation and growth in the web3 industry.

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