Nexo is the latest company to launch a venture fund aimed at investing $150 million in Web3 and other crypto-related sectors.
Interest in Web3 continues to grow as more and more companies race to invest in the technology.
Nexo – a leading digital asset service provider – revealed today that it is launching a new fund aimed at investing in Web3-focused projects.
The fund is called Nexo Ventures and launched with an initial investment of $150 million.
Key areas the Foundation will focus on include Web3, DeFi, NFTs, GameFi, metaverse, compliance, payments, and transaction infrastructure.
Nexo Ventures is led by Tatiana Metodieva , the head of Nexo’s Corporate and Financial Investments.
“At Nexo, we believe blockchain technology will change the way we connect and use financial services. […] Our mission is to help entrepreneurs who are driving the crypto revolution forward. Nexo Ventures aims to drive continued adoption of digital assets and expand the Web3 ecosystem.“
Most recently, Bain Capital — a veteran and well-known asset manager based in the United States — launched a new $ 560 million fund.