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/