Coincheck Labs, Which Supports Startups Related to Crypto Assets and NFTs That Will Lead the Age of Web3, Has Been Launched

Market Analysis Nov 12, 2022 0 86 Add to Reading List

PRESS RELEASE. Coincheck, Inc. is a cryptocurrency exchange in Japan that offers Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and many more—it launched “Coincheck Labs”, a program to support startups that will lead the Web 3.0 era on January 28. Coincheck will make the first investment in this program to Stake Technologies Pte. Ltd., which is involved in the Astar Network, a Japanese public blockchain.

Currently, “Web 3.0”, the decentralized digital age based on blockchain, is a worldwide movement, and investment in startups driving Web 3.0, including those related to crypto-assets and NFT, is accelerating. On the other hand, in Japan, crypto assets and NFTs fields lack clear accounting and legal rules. The level of expertise required to start a business is considered high, resulting in a shortage of entrepreneurs compared to other countries. Under such circumstances, Coincheck will share its experience and know-how in the development and operation of the crypto asset trading service “Coincheck” and the NFT marketplace “Coincheck NFT (beta version)” through “Coincheck Labs,” thereby contributing to the development of the “Web 3.0” movement. Coincheck would like to support startups related to crypto-assets and NFT.

With the rise of DeFi in 2020 and the rapid growth of NFT in 2021, “crypto-asset native applications” that use crypto assets, a protocol for transferring value, as a matter of course, have developed rapidly over the past few years and are creating a new economic sphere in the digital world. At Coincheck, the team hopes to revitalize the crypto asset and NFT industry in Japan at this significant turning point with our colleagues who will take up the challenge together.

Main Activities of Coincheck Labs

Coincheck Labs supports the growth of Japan’s blockchain and Web 3.0 ecosystem by supporting entrepreneurs, startups and communities with crypto-asset native and NFT native products from the core area of blockchain called Layer 1. The company provides “startup support,” “research,” and “investment” for products ranging from application areas.

(1) Startup Support

Coincheck supports entrepreneurs, startups, and communities that drive the growth of the crypto asset and NFT industry in Japan. Specifically, we will provide advice on token design, finance and accounting and manage events such as hackathons.

(2) Research

Research and disseminate information on crypto assets, NFT, GameFi and other blockchain trends, etc.

(3) Investment

Investing in equity and tokens in startups that develop crypto-asset native and NFT native products

About Coincheck Inc.

Trade name: Coincheck, Inc.

Headquarters: E-Space Tower 12F, 3-6 Maruyamacho, Shibuya-ku, Tokyo 150-0044, Japan

Established: August 28, 2012

President: Satoshi Hasuo

Registered as a crypto-asset exchange business: Director of Kanto Local Finance Bureau No. 00014

Services offered (These services are available only to residents of Japan except miime.)

Coincheck https://coincheck.com