Cointime

Cointime

Download App
iOS & Android

VEGA Completes $2M Funding, SuperWeb3 Serving as Financial Advisor

Cointime Official

VEGA, a Web3 entertainment platform, has announced the completion of a $2 million seed round of funding led by Arcane Group. Other notable investors also participated, including New Wheel Capital. The funds raised in this round will be used to accelerate product development, expand user growth, establish partnerships, and promote technological innovations.

VEGA’s core team consists of crypto native engineers, former founding members from TikTok and JD Finance, top-tier producers in Asia, and experienced marketing teams. "We hope to bring out more talented young people in an innovative fashion, and turn them into idols that everyone can look up to. We believe that VEGA will ultimately bring Web3's inevitable future one step closer to global idol culture." said Judy Chu, Founder of VEGA.

"The investment focus of Web 3.0 industry overall is gradually shifting from the infrastructure layer to the application layer. Top-notch start-ups are able to identify appropriate product forms, build successful business relationships and leverage blockchain technology for value-adding applications." said Spencer Fan, Founder of SuperWeb3. "VEGA team has strong professional track records from top-tier Internet companies and hands-on experience in the Web 3.0 industry. It has the ability to build a massive user base on its entertainment platform, potentially becoming the next rising star in the entertainment tech space. We feel honored to be a long-term supporter of VEGA and look forward to more collaborations in the future."

Part of VEGA’s wider plans is to enable fans to discover, support, and interact with their favourite idol, while also giving them a voice in the creation process. As such, the company is set to produce a revolutionary type of entertainment experience, one that is decentralised, transparent, and accessible to everyone.

About SuperWeb3

SuperWeb3 (https://linktr.ee/superweb_3) is an event organizer and financial advisor, helping Web3 start-ups to raise capital through a monthly Online Demo Day. It currently has 300+ Web3 founders and 700+ Web3 investors in its network. All past event information can be found at https://superweb3.org/

Web3
Comments

All Comments

Recommended for you

  • International Oil Prices Plunge as U.S. Oil Futures Fall Below $70

    On June 24, international crude oil prices continued to decline, with U.S. WTI crude oil futures falling below the $70 per barrel mark during trading, down 4.4% for the day, reaching a new low since March 2, and reverting to levels seen before the outbreak of the Iran conflict. Brent crude oil futures for August dropped 4.5%, settling at $73.6 per barrel. Market expectations of easing tensions in the Middle East, a recovery in Iranian oil supply, and rising interest rate expectations due to U.S. inflation have pressured oil prices.

  • Strategy Stock Price Falls Below $100 for the First Time Since March 2024

    Strategy's stock price has fallen below $100 for the first time since March 2024.

  • Caixin: Son of Former Wuhan Supervisory Official Launders Over HKD 64 Million in Hong Kong, Claims Some Funds Came from Bitcoin Sales

    According to Caixin, Xiao Rui, the son of former Wuhan Supervisory Committee member Xiao Jun, is suspected of receiving approximately HKD 4.72 million in bribes from mainland construction contractors on behalf of his father, and has laundered over HKD 64 million through underground money houses. On June 23, the Hong Kong District Court found Xiao Rui guilty on four counts of 'money laundering' and one count of 'using a false document,' with sentencing scheduled for July 23. In court, Xiao Rui claimed that the large sums involved were legitimate earnings from his mother's business, which she gifted to him for investment in Hong Kong, and that part of the funds came from Bitcoin sales. However, the judge rejected his testimony regarding Bitcoin, stating that Xiao Rui could not provide any basic records such as transaction dates, numbers, or wallet addresses.

  • U.S. Stock Indices Mixed, Micron Technology Rises About 3%

    On June 24, U.S. stock markets opened with mixed results: the Nasdaq fell 0.03%, the S&P 500 rose 0.07%, and the Dow Jones increased by 0.01%. Micron Technology saw an increase of about 3%, with the market widely expecting its quarterly performance to continue its 'explosive growth.' FedEx dropped nearly 2%, as its core express business profit margin narrowed last quarter, and its full-year profit outlook fell short of expectations. AI chip manufacturer Cerebras fell over 11%, maintaining a negative guidance for its full-year core operating profit margin.

  • Gold Price Falls Below $4000, Mining Stocks Decline, Harmony Gold Drops 6%

    On June 24, Newmont Corporation (NEM.US) saw its stock price decrease by 4.4%, Sibanye Stillwater fell by 6.1%, Angola Gold dropped by 7%, SPDR Gold ETF declined by 3%, Kinross Gold fell by 6.5%, and Harmony Gold decreased by 6%, while Gold Fields fell by 3.9%. In the news, international gold prices remain under pressure, with spot gold's decline expanding to 2.8%, falling below the $4000 per ounce mark for the first time since November 2025. This represents a drop of approximately $1600 (nearly 30%) from this year's historical high of $5596 per ounce, indicating a significant technical adjustment. Factors contributing to this trend include a strengthening U.S. dollar, rising expectations for Federal Reserve interest rate hikes, and increasing U.S. Treasury yields, all of which continue to suppress precious metals performance.

  • Market Pricing No Longer Fully Reflects 25 Basis Point Rate Hike by Bank of England This Year

    Market pricing shows that it is no longer fully pricing in a 25 basis point rate hike by the Bank of England this year.

  • Spot Silver Plummets 5%, Down 52% from January Highs

    On June 24, spot silver fell by 5%, dropping over $3 during the day to approach $58 per ounce, marking a new low since December of last year and a 52% decline from the January peak. New York silver futures experienced a sharp drop of 6%, currently reported at $58.34 per ounce.

  • Brent Crude Oil Futures August Contract Drops 4% to $73.95 per Barrel

    Brent crude oil futures for the August contract have seen an intraday decline of 4%, currently priced at $73.95 per barrel.

  • SpaceX (SPCX.US) Pre-Market Stock Price Drops 2.7% to Daily Low

    On June 24, SpaceX (SPCX.US) saw its pre-market stock price decline expand to 2.7%, reaching a daily low.

  • Web3 data and AI company Validation Cloud completes $10 million in new round of financing

     Web3 data and AI company Validation Cloud announced a $10 million financing round from True Global Ventures. The company plans to use the funds to expand its AI products and achieve seamless access to Web3 data.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company