A Group of Blockchain Venture Firms to Invest $100 Million in Busan for Ecosystem Development

A group of blockchain venture capital firms agreed to invest $100 million over three years to establish a blockchain ecosystem in South Korea's second-largest city, Busan. 

Investors include: EOS Network Foundation, OKX Blockdream Ventures, AlphaNonce and others. They signed a memorandum of understanding to invest in the city's blockchain companies and attract top talent from around the world. 

Busan will aim to provide a favorable administrative system to enable the investment to proceed smoothly.