Digital property lending platform Nexo has launched Nexo Ventures, its incubation fund bootstrapped with $150 million to fund a wide range of Web3.0 initiatives.
As announced by the platform, Nexo Ventures will deal with 5 key areas for funding together with Web3, DeFi Innovation, Metaverse, NFTs and GameFi, Payments and Trading Infrastructure, and Compliance Solutions.
The Nexo enterprise arm will probably be headed by Tatiana Metodieva, CFA, Nexo Head of Corporate Finance and Investments.
“At Nexo, we believe that blockchain technology will transform the way we connect and use financial services,” stated Metodieva. “Our mission is to elevate entrepreneurs who help push the crypto revolution forward. Nexo Ventures aims to drive the continued adoption of digital assets and the expansion of the Web3 ecosystem.”
It is changing into a really distinguished development amongst high corporations within the crypto ecosystem at the moment to launch their very own enterprise capital arm. The main intention is to not go away the actions to large enterprise companies like Andreessen Horowitz (a16z) and Paradigm Capital with billions in funds to again modern protocols within the blockchain ecosystem.
Nexo Ventures’ debut is borne out of the digital forex ecosystem because the father or mother firm is likely one of the main crypto platforms round at the moment. Startups funded by Nexo Ventures will achieve a superb headstart with publicity to the platform’s broad community of companions and obtain in depth advertising and marketing and group help.
Just as many distinguished blockchain service suppliers are identified to put money into the ecosystem, so has Nexo been funding modern protocols previous to the launch of its enterprise capital arm. Amongst the protocols it has backed prior to now embrace however are usually not restricted to 1inch, BCB Group, BlockFills, Bware Labs, Interlay, Mizar, Qredo, Rain, Texture Capital, Yield Protocol, and The TIE.
Among probably the most distinguished startups which have launched a enterprise capital arm in latest instances embrace Luno and QualCOMM.
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