Nexspace forms 'US$50 million' fund…"Ecosystem expansion"

Nexon's blockchain subsidiary Nexspace said on the 20th that it will set up an ecosystem fund of up to US$50 million (about 70 billion won).

The fund will be used for the long-term growth of the entire Nexspace ecosystem, including the blockchain game 'MapleStory Universe·MSU'.

Nexspace plans to use the fund to promote long-term growth across games, digital finance, and the builder economy, and to resolve operational and structural constraints of the existing blockchain game ecosystem. Specifically, Nexspace will invest in adjacent areas such as financial infrastructure, artificial intelligence (AI), real-world assets (RWA), and the builder ecosystem. All fund disbursements will be decided through internal project review and approval procedures.

In addition, Nexspace said it will strengthen strategic footholds in the global blockchain and entertainment markets to expand the ecosystem. To this end, it signed memoranda of understanding (MOU) with strategic advisory partners in venture, infrastructure, and research fields, such as Altos Ventures, Chainlink Labs, GSR, and Hashed Ventures.

Hwang Sun-young, CEO of Nexspace, said, "The ecosystem fund will be a core foundation that leads the expansion of the next-generation intellectual property (IP) ecosystem," and added, "We will present a new standard for a sustainable Web3 universe by tying together games, digital finance, and AI into a single collaborative structure."