Singaporean investment firm Whampoa Group has revealed its intention to establish a $100 million venture capital fund dedicated to Web3 and cryptocurrency investments by the end of this year, as reported by Nikkei Asia. The fund will focus on investing in Series A funding rounds for Web3 startups. This announcement comes after earlier reports had indicated Whampoa Group's plans to create a Web3 fund by the end of the previous year, but the initiative was postponed for unspecified reasons.