Tokocrypto CEO Pang Xue Kai (L) and BRI Ventures CEO Nicko Widjaja
Tokocrypto Sembrani Blockchain Accelerator, a programme run by Indonesian cryptocurrency exchange Tokocrypto in partnership with BRI Ventures, has announced US$40 million investments in its participating startups.
The investees are VC Gamers, nanobyte, Avarik Saga, Creo Engine, Eizper Chain, Duckie Land, Play Fix, Play it Forward DAO, Mythic Protocol, getKupon, Avarta and Survey.
The startups were also provided with the necessary tools for fundraising, team culture, blockchain development, listing advisory and tokenomics to develop the skills required to make a mark within the blockchain industry.
“The startups selected reflect the flourishing blockchain ecosystem in Indonesia, and this is just the beginning. Two years ago, the term blockchain seemed foreign, but today it is a digital powerhouse in NFTs, decentralised finance, and even GameFi,” said Tokocrypto CEO Pang Xue Kai.
Also Read: Tokocrypto, BRI Ventures launch blockchain accelerator programme
Tokocrypto Sembrani Blockchain Accelerator is part of the multi-dimensional TokoVerse by Tokocrypto created to bolster blockchain technology adoption in Indonesia and beyond. It focuses on four primary pillars: branding and marketing, investment strategies, investment landscape tactics and access to fundraising opportunities.
The programme’s mentors include Nicko Widjaja (CEO of BRI Ventures), Pang Xue Kai (CEO of Tokocrypto), Teguh Kurniawan Harmanda (COO of Tokocrypto), Lai Chung Ying (CSO of Tokocrypto) and Nanda Ivens (CMO of Tokocrypto).
As per a statement, the programme has initiated the support of over 50 investors, including Tokocrypto, Binance Labs, Cydonia, Solana Labs, Signum Capital, YGGSEA, Alameda Research, Huobi Ventures, Crypto.com, QCP, Avocado DAO, and Intudo Ventures.
Since the programme’s launch, Tokocrypto has connected the participants with global mentors such as Tamar Menteshashvili from Solana Labs and Nicole Zhang from Binance Labs. Investors listed previously were invited to the programme’s Demo Day, which took place on April 11 2022, where participants demonstrated the progress and achievements that have been made to date.
Together with TokoLabs, Tokoverse has developed Asia’s first crypto hub, T-hub, Indonesia’s first and largest NFT marketplace, TokoMall, and an educational mobile app, Kriptoversity, to name a few.
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