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Amid efforts to further expand its ecosystem, NEXPACE, a Web3 IP-expansion initiative behind MapleStory Universe (MSU), has launched its Ecosystem Fund, according to an official announcement today.
The launch follows plans to invest up to US$50 million to accelerate the long-term growth of both MSU and the broader NEXPACE ecosystem.
According to the announcement, the Ecosystem Fund is envisioned to underscore NEXPACE’s mission to build an open, self-sustaining Web3 platform that fuels the next evolution of gaming experiences.
Apart from its mission to boost mass adoption, it aims to lay the financial rails and build a foundation for communities to create new digital worlds where play, creativity, and economy converge within the ecosystem.
Notably, the Ecosystem Fund’s vision extends beyond the game to address the operational and structural constraints that have limited traditional, siloed blockchain game ecosystems. Any funds to be deployed will be determined after an internal project review and approval process.
Sunyoung Hwang, CEO of NEXPACE, commented on the launch, saying;
“This initiative reflects our belief that the future of gaming experiences and interactive entertainment depends on real-world utility and sustainability…The Ecosystem Fund plans to serve as a catalyst for the expansion we’ve already been driving beyond games. It will accelerate our vision of building a connected universe where digital finance, AI, and builder innovation together form the foundation of a sustainable, player-driven economy.”
Furthermore, the Ecosystem Fund will invest in strengthening ecosystem footholds across global blockchain and entertainment markets, paving the way for pilot projects and expansion efforts.
As such, NEXPACE has entered into Memoranda of Understanding (MOUs) to support the process, partnering with a curated group of strategic advisory partners spanning venture, infrastructure, and research, all sharing a vision of building a sustainable, fundamentals-driven Web3 ecosystem.
The partners include Altos Ventures, Chainlink Labs, GSR, and Hashed Ventures. The partners will engage as strategic collaborators, providing insight, mentorship, and network support to help identify opportunities, guide early-stage projects, and co-develop ecosystem initiatives.
As disclosed in the announcement, their participation will emphasize ecosystem value creation over capital contribution, fully aligning with NEXPACE’s long-term ecosystem goals.
“The Ecosystem Fund will play a pivotal role in anchoring MSU’s ongoing expansion initiatives to herald the next phase of the next-generation IP ecosystem…By combining gaming, digital finance, and AI under one collaborative umbrella, we’re setting new standards for what a sustainable Web3 universe can achieve,” Sunyoung Hwang added.
Source: https://zycrypto.com/nexpace-launches-its-ecosystem-fund-plans-to-deploy-50-million-for-msu-ecosystem-growth-and-expansion/
