Singapore-based VC Firm Farquhar Venture Capital Partners With TZ APAC
Singapore-based early-stage venture capital firm Farquhar VC has partnered with Asia’s leading Tezos blockchain Incubator, TZ APAC, to support new talent in Asia.
In an announcement, Farquhar VC said it plans to co-invest alongside the Tezos blockchain development team into upcoming Web3 games being built on the blockchain.
Farquhar VC has backed startups works closely with early-stage startups in Southeast Asia and has invested in 40 startups, including firms such as Spark Systems, Fairphonic, and Beep Technologies. The firm will announce the first investment in a Tezos game in the next few weeks, a spokesperson told Cryptonews.
“After recent investments into Game-tech startups such as Lockpick Learning and the EMERGE Group, this partnership is a timely opportunity to enter into the world of Web3 and to partake in its exponential growth,” said Farquhar VC managing partner and chief investment officer Jason Su, said in a press release.
Farquhar VC said this partnership with the Tezos blockchain Incubator TZ Apac, will allow the firm to commit financing from existing or upcoming thematic funds into upcoming Web3 game startups and projects that will utilise the Tezos Blockchain.
TZ APAC is a Web3 community for creators and developers, with teams across Asia. TZ APAC nurtures the next generation of Web3 gaming, NFT, and DeFi champions in the region. The projects would receive funding and other support from TZ Apac. The incubator is supported by the Tezos Foundation and headquartered in Singapore, TZ APAC is accelerating Tezos as the blockchain of choice in Asia.
Tezos is a blockchain network hosting the associated digital token Tez (XTZ) and facilitates user participation in decentralized finance (DeFi), decentralized
