W3 Fortune Raises 120 Million Yen In Funding

The platform will launch multiple Web3.0-specific business models, leverage the expertise and track record developed, and for partnerships with other companies to seamlessly drive social implementation from Web 2.0 to Web 3.0

By Teena Jose | Jun 21, 2022
Company handout

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur Asia Pacific, an international franchise of Entrepreneur Media.

W3 Fortune, a Singapore-based startup, has raised 120 million Yen in Seed funding from Relic Inc and angel investors. The startup’s first project to release will be CatRescue collectible NFTs. This round of funding will be used in the space of NFT, DAO and token economy to develop collectible NFT projects.

The NFTs will not be just digital artworks, they will also have practical applications, a mix of frameworks-centered on NFTs will be field tested. With the fundraise, the startup will launch multiple web3.0-specific business models, leverage the expertise and track record developed, and for partnerships with other companies to seamlessly drive social implementation from web 2.0 to web 3.0.

“CatRescue is a social good project. We are on a mission to support cat welfare and end the killing of cats. We will sell 5555 digital cat art NFTs and 50 per cent of the proceeds will go to financially support organizations that drive rescue efforts. Bringing together cat lovers worldwide, with our NFT holders front and center, we aim to become a decentralized autonomous organization (DAO) for people who share our desire to do some good for cats,” said the startup in a statement.

“All cats are amazing and deserved to be loved. We launched CatRescue to do something to help the cats that are being abandoned now. We aim to create a world where rescue cat aid and the economic benefits of Web3 can work together,” added in the statement.

W3 Fortune, a Singapore-based startup, has raised 120 million Yen in Seed funding from Relic Inc and angel investors. The startup’s first project to release will be CatRescue collectible NFTs. This round of funding will be used in the space of NFT, DAO and token economy to develop collectible NFT projects.

The NFTs will not be just digital artworks, they will also have practical applications, a mix of frameworks-centered on NFTs will be field tested. With the fundraise, the startup will launch multiple web3.0-specific business models, leverage the expertise and track record developed, and for partnerships with other companies to seamlessly drive social implementation from web 2.0 to web 3.0.

“CatRescue is a social good project. We are on a mission to support cat welfare and end the killing of cats. We will sell 5555 digital cat art NFTs and 50 per cent of the proceeds will go to financially support organizations that drive rescue efforts. Bringing together cat lovers worldwide, with our NFT holders front and center, we aim to become a decentralized autonomous organization (DAO) for people who share our desire to do some good for cats,” said the startup in a statement.

“All cats are amazing and deserved to be loved. We launched CatRescue to do something to help the cats that are being abandoned now. We aim to create a world where rescue cat aid and the economic benefits of Web3 can work together,” added in the statement.

Related Content

Business News

WRISE Launches Client Service Center in Taiwan

Singapore-headquartered multi-family office WRISE Group has expanded its presence in Asia with the launch of a new client service center in Taipei, Taiwan. The center will offer client advisory and consultation services, alongside family wealth-focused educational and engagement initiatives designed to foster long-term perspectives and encourage next-generation dialogue. The Taipei center will be led by […]
Business News

Bank of Singapore Hires Alternative Investments Expert to Strengthen UHNW Solutions

Bank of Singapore, the private banking division of Oversea‑Chinese Banking Corporation, has appointed Bernard Heng as Head of Customised Solutions, effective 2 March 2026. The move is intended to bolster the bank’s capabilities in bespoke investment and alternative product solutions for ultra-high-net-worth (UHNW) clients. In his new role, Heng will report to Lim Leong Guan, […]
Business News

Singapore Bets Big on AI in 2026 Budget, Finance Named Key Sector for Transformation

Artificial intelligence (AI) took center stage in Singapore’s 2026 Budget, with the government announcing a comprehensive national strategy to harness AI as a competitive advantage and accelerate transformation across key sectors, including finance. Delivering the Budget statement, Prime Minister and Minister for Finance Lawrence Wong unveiled a new set of national “AI Missions” focused on […]