Multiple venture capital firms will invest $100 million in Busan, South Korea for ecosystem development

ChainCatcher news, blockchain venture capital firms including the EOS Network Foundation, OKX Blockdream Ventures, and AlphaNonce have signed a memorandum of understanding to invest $100 million over the next three years to establish a blockchain ecosystem in Busan, South Korea's second-largest city.

Previously reported, the city of Busan in South Korea has signed cooperation agreements and established partnerships with Binance, FTX, Huobi, Crypto.com, and Gate. (CoinDesk)