Nexo Ventures to Invest $150 Million in Web3 Startups and Institutions

Nexo announced the launch of Nexo Ventures that will focus on Web3, GameFi, compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term solutions and crypto payments. In addition, Nexo will explore the metaverse, which has has gained renewed interest.

Nexo allocated $150 million for long-term investments to be made by Nexo Ventures. Tatiana Metodieva, Nexo's Head of Corporate Finance and Investments, will lead Nexo Ventures.

Since HSBC acquired land in the Sandbox, the GameFi industry benefited from an additional boost. As more countries are looking to regulate the crypto and NFT markets, more capital may be invested in future projects.

Funding rounds may be more common throughout 2022. If the world is heading towards a digital era, startups and traditional institutions will attempt to gain a foothold at the very early stages of digital adoption.

Tatiana Metodieva's Remarks

Metodieva said, "At Nexo, we believe that blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term technology will transform the way we connect and use financial services.

“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.

“Also, our investment value proposition differs from most traditional investment funds. We’re native to and have a deep understanding of the digital asset industry and technology.

"We prioritize strategic investments and aim to integrate innovative solutions into Nexo’s product ecosystem and across our global market footprint.

"We explore the feasibility of enabling Nexo’s users to invest alongside us, thereby leveraging our capabilities to facilitate investor diversification and wealth maximization.”

Nexo was founded in 2017 by Antoni Trenchev and Kosta Kantchev. The firm raised approximately $53 million in a funding round.

In 2020, Nexo informed its token holders that $6.1 million will be paid in dividends. It included 30% of the firm's net profits for 1 year.