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Crypto winter notwithstanding, Blockchain investment firm Hashed announced a robust investment of $28.44 million in 2023, signaling resilience. With a strategic move, Hashed diversified its portfolio, focusing on early-stage projects in blockchain infrastructure, gaming, finance, and IP integration, considering long-term growth and user engagement.
Diverse Investment Strategies in the Crypto Space
This year, Hashed made a total of 29 investments by strategically allocating resources across various sectors. Blockchain infrastructure, gaming, and finance sectors each held a significant share of 21%, while IP and content-related ventures accounted for 15% of the investment pie.
The geographical distribution also showed equal diversity, with South Korea leading at 38%, North America at 21%, Europe at 7%, and other Asian regions including Singapore at 34%. The 20 new investments, mostly ranging from seed funding to Series A, reflect Hashed’s commitment to fostering innovation.
Notable ventures include Radius, a joint ranking layer developer; Centralized Gaming Ventures (CGV), a Web3 gaming venture studio; AnotherBall, the operator of the video chat platform Izumo; and DeLabs, a Web3 gaming studio. Additionally, ongoing investments in nine projects such as Archway, Payhere, and Dfns further solidify Hashed’s commitment to supporting promising projects.
Hashed Venture Ecosystem
Currently managing funds named Fund 1 with $92.7 million and Fund 2 with $184 million through Hashed Ventures, Hashed plays a significant role in the development of the Web3 ecosystem. With a diverse portfolio of 86 companies invested through Funds 1 and 2, Hashed’s participation is expanding globally, with 55% of investments directed towards domestic companies.
Layer-1 Blockchain Aptos is showing impressive performance with more than 20,000 transactions per second (TPS) and 7.3 million active wallets. Other success stories include Story Protocol, supported by a16z, which recorded a successful hackathon and launched its alpha version. The decentralized exchange dYdX has reached the highest trading volume among decentralized exchanges, while Dune, an on-chain data analytics platform, maintains its dominant position in the market.
Beyond Investments: Hashed’s Contributions to the Crypto Ecosystem
Beyond investments, Hashed has made a faithful contribution to the Web 3.0 ecosystem. Supporting over 80 gatherings, including hackathons and Blockchain conferences, Hashed has co-organized Korea Blockchain Week for six years, becoming one of Asia’s largest Blockchain events.
Protocol Camp, a web 3.0 creator bootcamp, has graduated 59 students in five groups, significantly contributing to talent development. Hashed’s policy think tank, Hashd Open Research (HOR), conducts vital research and policy recommendation activities that promote a robust ecosystem.
Hashd CEO Seojoon Kim, while assessing the challenges and successes of 2023, anticipates significant growth in 2024. With the expected entry of institutional investors, the approval of a Bitcoin 
$105,377 ETF, and global platform companies launching wallets, Hashed is preparing for a notable year of expansion and progress in the Blockchain field.
