b'B U S I N E S S I N V E S T M E N TPresidio Ventures Latest Looks Toward the Future, the Metaverse & the PlanetSnce 1998, Presidio Ventures has been SumitomoPRESIDIOi Corporation of Americas eyes and ears within SiliconValleys unique ecosystem. Acting as the companysVENTURESventure capital arm, Presidio has invested in more than 200 companies over the past twenty years and continues toA Sumitomo Corporation Companyevaluate next-generation business models and technologies for the rapidly changing startup landscape.Keeping up with industry trends is hard enough, but being ablePresidio has joined a bridge round for Web3 Pro, Inc. (Web3 to see aheadto anticipate future trends - is a real talent. ThePro), a white-label enterprise Non Fungible Token (NFT) platform team at Presidio draws upon their experience as well as thecompany headquartered in Palo Alto, CA.Web3 Pro will use the market knowledge they have being tapped into Sumitomos vastfunds from this round to continue expansion of its global team, business network to identify companies that show promisingbuild a next generation enterprise-grade suite of software in the solutions for todays (or tomorrows) most pressing issues andNFT and Web3 area, and enter into numerous industry verticals opportunities. including entertainment & music and sports.Some of these opportunities are taking place in the pseudo- Were excited to enter into the Web3 world and expand our reality platforms of the metaverse. In fact, some of the largestmedia and entertainment business horizon through our invest-art deals made this year have taken place here. According toment into Web3 Pro, said Mr. Doug Kuribayashi, CEO of Presidio Financial Times Ventures.We believe that Sumitomo Corporations expertise , $41 billion has been spent on NFTs to date, making the market for digital artwork and collectibles almostand significant experience in the media, entertainment, digital as valuable as the global art market. As the market growsand commerce business, together with its widespread customer and matures, NFTs are being used as utilities for companiesbase in consumer business will add value to Web3 Pro in the and projects to provide customers with rights to participate infuture.physical events, access to metaverse festivals, receive priority toThe term Web3 is an idea for a new iteration of the World purchase upcoming merchandise, tokens and NFTs, and muchWide Web based on block chain technology, which incorporates more. NFTs are traded in marketplaces such as OpenSea, usedconcepts such as decentralization and token-based economics. in games and metaverses such as Crypto Kitties and SandboxServing as SCOAs venture capital arm, Presidio Ventures antic-respectively.ipates myriad opportunities to help scale and apply Web3 Pros unique solution throughout the companys vast business network. Web3 Pros technology has the potential for enterprise-level The term Web3 is ancustomers to evolve their Web2.0 websites and business into idea for a new iteration of theemerging Web3 enabled ones using NFTs as a utility so that they World Wide Web based oncan attract younger generation customers in this post-COVID block chain technology, which incorporates concepts such asdigitized world.decentralization andWe are excited to bring on Presidio Ventures as an investor and token-based economics.supporter of our expanding platform, said Christian Ferri, CEO and Founder of Web3 Pro as well as a block chain pioneer and author on the subject of NFTs. With their resources and access to Sumitomos global network, we are confident we can continue to scale our company and enter into new markets, providing a unique offering across various industries. continuedSumitomo Corporation of Americas 3'