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GBA Capital Fund commits over $10b to web3 industry

GBA Capital Fund announced at a digital economic development conference its plan to invest over $10 billion in the web3 industry, focusing on the Metaverse, NFTs, and real-world assets. The latest move by GBA Capital Fund comes at a time when web3 investments have seen fluctuating trends. From a high of $1.8 billion in the twelve months leading up to June 2022, the figure plummeted to approximately $520 million by June 2023. These assets aim to stimulate the economy in the Greater Bay Area and beyond. The conference also served as an educational platform for investors and attendees new to the web3 industry.

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