Odaily News Ninety Eight posted on the X platform that it will launch a US$25 million ecosystem fund to promote the growth and development of Asian Web3 start-ups. Arche Fund will oversee the fund and work with selected startups. According to previous news, Ninety Eight, formerly known as Coin98 Finance, completed its name change on November 1 this year. The company’s venture capital arm Coin98 Ventures announced that it has changed its name to Arche Fund. It is reported that Coin98 Ventures has invested in GuildFi, Magic Eden, Aura Network, and more than 30 companies and protocols across the Web3 stack.