Nexo Launches a $150 Million Fund to Invest in Web3

Interest in Web3 continues to improve as extra firms race to make investments in the subsequent large factor. Nexo – a well-known crypto participant – is the newest to bounce on the bandwagon.

  • Nexo – a regulated and amongst the main digital asset service suppliers – revealed immediately that they’re launching a new fund geared toward investing in Web3-focused initiatives.
  • The initiative is named Nexo Ventures and launches with an preliminary purpose of investing $150 million.
  • The key areas that the brand new arm will give attention to embrace Web3, DeFi, NFTs, GameFi, metaverse, compliance, funds, and buying and selling infrastructure.
  • The new enterprise is led by Tatiana Metodieva, who’s Nexo’s Head of Corporate and Finance Investments.
  • Speaking on the matter, Metodieva mentioned:

At Nexo, we consider that blockchain technology will rework the best way we join and use monetary companies. […] Our mission is to elevate entrepreneurs who assist push the crypto revolution ahead. Nexo Ventures goals to drive the continued adoption of digital belongings and the growth of the Web3 ecosystem.

  • This is the newest in a string of enterprise funds primed to make investments in the expansion of the Web3 ecosystem.
  • Most not too long ago, CryptoPotato reported that Bain Capital – a well-known and veteran US-based asset supervisor – launched a new fund value $560 million.

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