EchoX, a leading provider of Web3 data assetization solutions, has recently completed its seed round financing, reaching a valuation in the millions. The funding round saw participation from investors such as CoinPost, NERO Holdings, and strategic institutions from various regions, showcasing confidence in EchoX’s trajectory.
The announcement was made during a media event in Taipei on March 29th, where executives from CoinPost and NERO Holdings joined EchoX to celebrate the successful funding round. CoinPost CEO Kagami Takahito and NERO Holdings COO Paul Lei were among the attendees, along with LeadBest Group CEO Neil Lee. At the event, a Taiwan-Japan strategic cooperation agreement was signed, leading to the establishment of SUDACHI Tech, a joint venture in Japan aimed at promoting Web3 transformation consultancy services for Japanese enterprises.
Neil Lee emphasized Japan’s commitment to Web3 as a national strategy and the significant market potential, with projections indicating a $10.4 billion software market size in 2024. LeadBest aims to capitalize on this opportunity by expanding into Japan and targeting a revenue exceeding $100 million in the next three years.
EchoX, initially known for its expertise in NFT curation, has evolved into a leading provider of Web3 data assetization solutions, serving clients like Dentsu Taiwan and the Yulon Group. With Japan’s strong push for Web3 and AI digital transformation, EchoX is set to bring Taiwan’s advanced software technology to the forefront. Its debut project in this domain is the upcoming TEAMZ Web3/AI Summit in Tokyo, where it will offer a Web3 exhibition social solution platform for enhanced business networking.
LeadBest, EchoX’s parent company, is dedicated to elevating Taiwan’s software technology globally. Through a trilateral alliance with Japan and proactive stance on Web3 and digital transformation, LeadBest aims to empower Taiwanese tech teams for overseas validation and expand across the Asia-Pacific region.
Overall, EchoX’s successful seed round financing and strategic partnerships signal a promising future for the company as it continues to lead Asia-Pacific’s Web3.0 technology services and transform enterprise data into digital assets through blockchain.
