Digital Biz

Ancient8, a Vietnamese blockchain organization, has successfully raised $4 million in a seed round from Dragonfly Capital, Pantera Capital, Coinbase Ventures, and others. The organization focuses on developing a community and software platform to help gamers and scholars play Plant2Earn (P2E) games and build the Metaverse model.

Vietnamese e-commerce platform Mio has announced an $8 million Series A funding round from large investors. The new capital is expected to help it enlarge its distribution center, improve operations, transport, and supply chains, and expand to other regions in Vietnam.

Funtap launched its $10-million Funverse Capital investment fund for startups in the blockchain field on January 16. Funtap is one of the leading mobile game service publishers in Vietnam, providing entertainment and financial technology products to over 42 million users in Vietnam and the world.

At the 2021 Summary Conference on January 14, the Authority of Telecommunications at the Ministry of Information and Communications set a task that, in 2022, all phone users will have mobile money accounts. Speaking at the conference, Minister of Information and Communications Nguyen Manh Hung suggested that the Authority complete 5G network coverage nationwide this year and at the same time start 6G research.

After reaching the milestone of 1 million users after only eleven months in business, the 9Pay e-wallet is now focusing on upgrading technology in a bid to become the Number 1 e-wallet in the market for the payment of digital content services. Vietnam’s fintech market still has a lot of room for 9Pay to expand.

Vietnam’s startup ecosystem is at a turning point in leaving an impression on the region and the world. Over the past two years, despite the strong impact of Covid-19 on the country’s economy, deal numbers have increased sharply, to 108.