South Korea-based blockchain-focused investment firm Hashed has announced the launch of its new startup studio to support and research new use cases of blockchain technology in the rapidly growing NFT space.
Exploring the Full Potential of Blockchain
In a press release today, Hashed noted that the studio, named UNOPND, will foster various creative projects with the primary goal of exploring and experimenting with new ways to apply blockchain technology to the online gaming and NFT sectors.
UNOPND will introduce to the industry not only ideas that interest crypto enthusiasts but also those that appeal to mainstream users who may not be fully involved in the crypto space.
Hashed noted that while the concept of the metaverse and provable ownership of digital assets might still be relatively new, it has huge potential that could completely change the way users consume entertainment.
Commenting on the launch, Simon Kim, the co-founder, and CEO of Hashed said:
“Hashed is excited to be leading efforts into making blockchain mainstream. Financial application of blockchain is one of many fields we are exploring at the moment, and we find it ripe to lend our support for teams and founders willing to explore blockchain’s full potential in other creative ways through UNOPND.”
UNOPND to Support NFT Developers
The new studio will give project builders complete support by providing them with the necessary tools they need, including team building and community engagement. Hashed will also offer support by providing expert market insights, business network access, and funding.
Chan Lee, CEO of UNOPND, added: “UNOPND will build an ecosystem of creators and users and provide innovative services that unveil the value of blockchain. We have witnessed that many blockchain-based games and social services are getting popular in recent years. We want to focus on the market’s demand, especially the communities, to find the most attractive products.”
UNOPND is currently providing support to multiple projects while still studying different innovative NFT application methods. The studio is also considering several L1 networks to work with, including Ethereum, Terra, and more.
Meanwhile, Hashed has been making news with its growing investments in the industry. The well-known blockchain venture capital firm recently invested in crypto analytics company CryptoQuant alongside NFT portfolio manager NFTBank.