The interest in Web 3 continues, especially as more companies race to invest in the next big thing.
“Nexo” one of the famous participants in the crypto arena is the latest company to join the investment arena in Web 3.0
Yesterday, Nexo revealed that it is launching a new fund that aims to invest in projects focused on Web3.
The initiative is called "Nexo Ventures" with its launch with an initial goal of $150 million.
The main areas that the new investment branch will focus on include Web 3.0, DeFi, NFTs, GameFi, metaverse, compliance, payments, and provision of trading infrastructure.
The new project is led by Tatiana Mitodeeva, Head of Investments and Finance at Nexo.
Speaking on the matter, Metodeva stated:
At Nexo, we believe that blockchain technology will change the way we communicate and use financial services.
Our mission is to raise the bar for entrepreneurship, especially those that help drive the crypto revolution forward.
Nexo Ventures aims to drive continued adoption of digital currencies and expand the Web 3.0 ecosystem.
The newly announced investment fund from Nexo Corporation is the latest in a series of mutual funds primed to invest in the growth of the Web 3.0 ecosystem.
