In a move set to catalyze the growth of Web3 startups in Asia, the Vietnamese Web3 coalition Ninety Eight has unveiled a $25 million ecosystem fund. The initiative, announced on November 7, aims to provide both financial and strategic support to emerging ventures in the region. One distinctive feature of this fund is its incorporation of the $C98 token, originally designed as a wallet token, which offers users a versatile solution for managing crypto assets and interacting with decentralized applications across over 40 blockchains. This groundbreaking endeavor underscores the coalition’s commitment to fostering innovation in the dynamic landscape of Web3 technology.

Fueling the Web3 Revolution

The Ninety Eight Ecosystem Fund has set its sights on nurturing the vibrant community of Web3 startups in Asia. This substantial $25 million fund represents a clear commitment to fostering innovation in the blockchain and decentralized finance (DeFi) space. As the Web3 ecosystem continues to evolve, the demand for strategic and financial support becomes increasingly pronounced. This fund is primed to address this need and act as a catalyst for innovation.

The Power of $C98 Token

At the heart of the Ninety Eight Ecosystem Fund is the $C98 token, which offers users a multifaceted tool for managing crypto assets. Initially conceived as a wallet token, $C98 has since evolved to become a versatile utility. Users can employ it to securely store, send, receive, and manage their crypto assets. Moreover, $C98 facilitates seamless connections to a diverse array of decentralized applications across more than 40 blockchains. This inclusive approach is designed to empower users to participate in the decentralized finance space with ease and confidence.

Viction Layer-1 Blockchain Infrastructure

In addition to the $C98 token, the Ninety Eight Ecosystem Fund offers startups access to the coalition’s Viction layer-1 blockchain infrastructure. This technology comes with several advantages, including low-gas fee transactions and enhanced security. With blockchain security being a paramount concern in the Web3 era, the Viction infrastructure is poised to be a valuable asset for startups seeking to build secure and efficient applications.

Unlocking Cross-Chain Swaps, Staking, and Yield Farming

The Coin98 DeFi platform, the namesake of the coalition, offers users a gateway to a world of possibilities in the decentralized finance landscape. Users can engage in cross-chain swaps, staking, and yield farming, all through a user-friendly interface. This platform is a testament to Ninety Eight’s dedication to making DeFi accessible and efficient for everyone, from experienced crypto enthusiasts to newcomers in the space.

Fostering Web3 Innovation in Asia

Ninety Eight’s ecosystem fund, powered by the $C98 token and supported by the Viction blockchain infrastructure, is poised to play a pivotal role in fostering Web3 innovation in Asia. The fund opens up exciting opportunities for startups to turn their visionary concepts into reality. By providing both financial resources and strategic guidance, the coalition is actively nurturing the growth of the Web3 ecosystem in the region.

A Visionary Approach

Ninety Eight’s initiative goes beyond merely providing financial support to startups. The coalition is committed to a vision of Web3 that is inclusive, secure, and easy to navigate. With the $C98 token and Viction infrastructure, they are empowering users and startups to participate in the world of blockchain and DeFi with confidence. This visionary approach sets a new standard for fostering innovation in the space.

Joining the Web3 Revolution

As the Web3 revolution gains momentum, the significance of initiatives like Ninety Eight’s ecosystem fund cannot be overstated. By supporting startups and offering powerful tools like the $C98 token and Viction infrastructure, this coalition is contributing to the growth of a more decentralized and equitable digital future.

Web3’s Impact on Asia

The advent of Web3 technology has ushered in a new era of possibilities for Asia. With a diverse range of use cases, from decentralized finance to supply chain transparency and beyond, Web3 has the potential to address some of the region’s most pressing challenges. From financial inclusion to secure data management, Web3 offers solutions that can transform societies and economies across Asia.

Empowering Entrepreneurs

Entrepreneurs across Asia now have the opportunity to leverage the Ninety Eight Ecosystem Fund to transform their innovative ideas into reality. The fund not only provides capital but also the guidance and infrastructure needed to thrive in the Web3 landscape. As entrepreneurs embark on this journey, they become key players in shaping the future of the region’s digital economy.

The Cross-Chain Advantage

One of the most exciting aspects of the Ninety Eight Ecosystem Fund is the capability for startups to engage in cross-chain activities. This cross-chain functionality allows assets and data to flow seamlessly across various blockchains, opening up new dimensions of interoperability. This is a crucial feature in the Web3 ecosystem, as it ensures that users and startups are not confined to a single blockchain but can operate across multiple chains for increased flexibility and utility.

Security in Web3

Security remains a paramount concern in the Web3 era, with increasing instances of cyber threats and attacks. The Viction layer-1 blockchain infrastructure, offered by Ninety Eight, is tailored to address this challenge by providing enhanced security. Startups can build their applications on a solid foundation, knowing that they have access to the latest security measures, reducing the risk of hacks and breaches.

A Glimpse of the Future

With the Coin98 DeFi platform, users are granted a glimpse of what the future of decentralized finance can be. Cross-chain swaps, staking, and yield farming are no longer confined to the realm of experts. The user-friendly interface of the platform ensures that anyone, regardless of their level of expertise, can access and benefit from the vast potential of decentralized finance.

A Bright Future for Web3 in Asia

The launch of the Ninety Eight Ecosystem Fund represents a pivotal moment for Web3 innovation in Asia. This initiative not only injects substantial financial resources into the ecosystem but also equips startups with the tools they need to thrive. With the $C98 token and Viction infrastructure, Ninety Eight is demonstrating its commitment to an inclusive, secure, and user-friendly Web3 future.