According to news on October 4, Singapore-based investment institution Whampoa Group plans to launch a US$100 million venture capital fund before the end of this year. The fund is expected to invest in Web3 and digital assets and focus on Series A rounds. stage financing transactions. Previous reports stated that the fund will be launched in the fourth quarter of 2022. As of now, Whampoa Digital, the digital asset investment arm of Whampoa Group, has not responded to this matter.