SINSO Announces Investment Led by Mr. Yusaku Maezawa at a Valuation of $150 Million
SINSO, the Web3.0 infrastructure builder committed to high-speed Decentralized Cache and Data-governance, is pleased to announce and welcome our new investor — MZ Web3 Fund, which, guided by Mr. Yusaku Maezawa, has invested in SINSO at a valuation of $150 Million.
■ MZ Web3 Fund
The “MZ Web3 Fund” was established by Yusaku Maezawa in June 2022, with a total of 10 billion yen to support the growth of Web3 / Metaverse related companies and projects with prompt decision-making.
■ Yusaku Maezawa
The more well-known identity of Mr. Yusaku Maezawa is the Representative Director of Zozo. Back in May 1998, Maezawa founded Japan’s largest online fashion mall, Zozotown and in 2007 listed its parent company Zozo on the Tokyo Stock Exchange. In August 2018, the market capitalization of Zozo exceeded 1 trillion yen. In the next year, Maezawa announced a capital and business alliance with Yahoo Japan Corporation and retired as the company’s representative.
Not only is Mr. Yusaku Maezawa a brilliant entrepreneur, he is also an art lover, advocate, and a lover of space. In December 2021, Maezawa completed a 12-day travel to the International Space Station, making him the first Japanese civilian with this achievement. He has also been invited as the first passenger to onboard SpaceX’s Starship.
■ About the Partnership
Through the Maezawa Fund, Mr. Yusaku Maezawa has invested in various projects. He has also contributed to the spread of culture and world arts by establishing the Contemporary Art Foundation. As one of Japan’s most high-profile public figures, he has leading follower bases in social media. In the future, Mr. Maezawa will provide the management experience of mass user business that he has cultivated so far, combined with his influence in global social media and the strengths of SINSO project, to create a legendary success story.
