PANews reported on November 26 that Hashed Ventures, a crypto venture capital firm based in South Korea, has announced plans to set up its forthcoming fourth fund overseas, according to Yonhap News Agency Infomax. The company aims to invest in global Web3 projects with funds raised overseas. Hashed Ventures is also setting up an office in Abu Dhabi, and plans to move a large number of employees there after the office is operational. At the same time, the company is currently setting up its third fund and recently completed its first round of financing of 30 billion won (US$21.4 million). Hashed Ventures plans to increase this amount to 100 billion won (US$71.2 million) by the first quarter of next year, more than half of which will be made up of foreign capital.