7 Japanese entrepreneurs raise $10M to launch new Web3 accelerator

Seven Japanese Web3 entrepreneurs, including Astar Network founder Sota Watanabe, have now joined forces to raise $10 million for their new venture ‘Next Web Capital (NeW)’. Strategic Investors in the round included crypto exchange Bitbank and venture capital firm WiL.

According to the press release issued today, Next Web Capital is a blockchain and web3 accelerator that seeks to “expand the ecosystem through support for protocols that have the potential to expand globally.”

Founding members of the accelerator include Astar network founder Sota Watanabe, Fracton Ventures co-founders Yudai Suzuki, Naoki Akazawa, and Toshi Kamei, COO of Astar network Shun Ishikawa, co-founder of DMM crypto exchange Kei Seki, and Yusuke Obinata, co-founder of Ethereum Japan.

Through this venture, the Japanese entrepreneurs claim to offer blockchain accelerators that support new Web3 startups, offering advice and mentorship to new entrepreneurs, and “being the best bridge between Asia and the rest of the world.”

Mr. Noriyuki Hirosue, President and CEO of Bitbank, said in the translated announcement:

“The crypto asset revolution triggered by Bitcoin has expanded from the trading phase to NFT, GameFi, Web3.0, Metaverse and its application areas, and explosive expansion is imminent. We believe that these new areas will develop the Internet itself and make new evolutions, but the team of Next Web Capital will open up these new areas with their high aspirations and insights, leading young Japanese players.”

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