VIETNAM, June 1 -
A clear legal framework for blockchain is needed to promote its on-track development and application in Việt Nam. — File Photo
HÀ NỘI — The investment capital flow is eyeing blockchain projects, offering significant opportunities for Việt Nam where this technology was booming to have unicorns in the global blockchain market.
Hoài Nam, founder of investment UB Holdings, said that with a friendly environment for blockchain and crypto together with an entrepreneurial spirit, Việt Nam was attractive to foreign investors and it’s time for blockchain project developers to show their capacity.
One of the recent notable deals was $150 million in funding led by crypto exchange Binance for the gaming studio Sky Mavis to help reimburse users who lost funds during a $625 million hack of its play-to-earn game Axie Infinity.
2021 witnessed the biggest ever investment of around US$25 billion pumped into the global blockchain market, representing a whopping rise of nearly 700 per...
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