Amber Group, a leading global digital asset company, today announced the launch of Amber Labs and Amber Eco Fund – two key programs designed to support the next generation of Web3 businesses for long-term growth. As part of the company’s commitment to promote Web3 ecosystem development and catalyze crypto innovation, the two programs facilitate Amber Group’s investments in early-stage companies and help incubate new technologies being researched or developed.
Amber Eco Fund is the first actively managed equity investment product offered to investors by Amber Labs, anchored by a sovereign wealth fund and notable family offices in APAC. The program focuses primarily on providing seed investments in early-stage companies, spanning key industry verticals that include Web3 infrastructure, and applications such as DeFi, blockchain games, and decentralized social networks, among others. Startups and emerging Web3 businesses will not only receive capital through the Amber Eco Fund, but they will also get a platform to build the fundamentals of their businesses, supported by Amber Group’s leadership as a global digital asset company as well as the company’s extensive network of partners across industries and markets.
By adopting a thesis-driven approach in the assessment process, Amber Eco Fund selects projects that align with Amber Group’s infrastructure construction expertise and the company’s innovation ethos and values. This includes deliberate considerations around the project’s value proposition, the team’s backgrounds, its addressable market size and overall infrastructure resilience. Associated investment risks and mitigation measures are also comprehensively evaluated prior to selection.
Amber Eco Fund runs alongside Amber Labs, Amber Group’s incubation and research arm that aims to accelerate crypto adoption and innovation. Amber Labs will use the company’s knowledge network and research capabilities to deepen the impact of investments made in connection with Amber Eco Fund. It will also strengthen Amber Labs’ existing research offering, having produced research reports focused on the latest blockchain and crypto developments as well as related industry security issues. Amber Labs recently published research papers on the merger and no knowledge hardware to lead industry conversations on the latest industry trends and developments.
Supported by a thesis-driven approach, Amber Group can better capitalize on actionable insights and effectively expand its market share via the Amber Eco Fund to track leading projects in a highly competitive industry. Together, Amber Eco Fund and Amber Labs will leverage Amber Group’s existing range of products and services, expertise and capabilities as well as its global talent pool and partners to provide emerging businesses with tools for success in an increasingly saturated and ever-evolving market landscape.
Jian Wang, Head of Principal Investment at Amber Group said: “Our team at Amber Group is encouraged by the launch of Amber Labs and Amber Eco Fund. We hope that with this initiative we can provide value beyond the capital needs of early-stage companies and support in areas that are often fundamental to long-term success. The market now provides an excellent opportunity for us to anticipate new opportunities and innovate in response to changes and challenges. We’re already seeing some exciting innovations in the space, and we look forward to supporting some of the brightest ideas and talents as they work to deliver market impact.”
Michael Wu, Chief Executive Officer at Amber Group said: “Amber Group has built a strong track record as a global leading digital asset services platform and infrastructure provider, and we remain committed to paving the next frontier for the digital assets and Web3 industry. . After all, innovation begets innovation, and a vibrant Web3 ecosystem will go a long way to drive and scale crypto adoption globally. It is second nature to Amber Group, as an industry leader, to level the playing field for budding technologists and entrepreneurs who represent the future of Web3. Amber Labs and Amber Eco Fund are teaming up for the first few steps in a journey towards realizing this future, and we couldn’t be more excited to be a key enabler of innovation for the industry.
About Amber Group
Amber Group is a leading full-stack digital asset firm, engaged in commerce, products and infrastructure. Amber Group works with companies ranging from token issuers, banks and fintech firms, to sports teams, game developers, brands and creators. Operating in the middle of markets, Amber offers a full suite of digital asset services spanning liquidity provision, trading, financing and investment. Across all products and categories, Amber Group has transacted $1T in volumes since its inception.
Amber Group is backed by prominent enterprise, industry and sovereign investors including Sequoia Capital, Temasek, Paradigm, Tiger Global, Dragonfly Capital, Pantera Capital, Coinbase Ventures and Blockchain.com.
For more information, please visit www.ambergroup.io.
Disclaimer: This is a paid post and should not be treated as news/advice.