Investing in VEGA
Unleashing your inner idol on the cutting-edge of Web3 technology
VEGA, a Web3 entertainment platform, has announced the completion of a $2 million seed round of funding led by Arcane Group. Other notable investors also participated, including New Wheel Capital. The funds raised in this round will be used to accelerate product development, expand user growth, establish partnership relations, and promote technological innovation.
Arcane Group’s Managing Partner, Neo Su, said: “As the influence of online personalities continues to grow, VEGA is poised to become a significant player in the Web3 social network. We are thrilled to be a part of the team’s journey and look forward to working with them to bring value to their community and investors alike.”
VEGA’s core team consists of crypto native engineers, former founding members from TikTok and JD Finance, top-tier producers in Asia, and experienced marketing teams. "We hope to bring out more talented young people through this innovative way, and turn them into idols that everyone can look up to. We believe that VEGA will ultimately bring Web3's inevitable future one step closer to global idol culture." said Judy Chu, Founder of VEGA.
With regards to the project’s wider impacts, Su remarked: “By transforming the traditional idol industry, which was previously controlled by brokerage firms or multi-channel networks (MCNs), VEGA has created a decentralised platform that empowers content creators and influencers to connect with their communities. We are confident that the team possesses the expertise and determination to establish themselves as a leading SocialFi ecosystem for up-and-coming content creators and influencers.”
Part of VEGA’s wider plans is to enable fans to discover, support, and interact with their favourite idol, while also giving them a voice in the creation process. As such, the company is set to produce a revolutionary type of entertainment experience - one that is decentralised, transparent, and accessible to everyone.