Nexo Launches a $150M ‘Web3-Focused’ Venture Fund

Nexo, the leading regulated institution for digital assets has announced the launch of a $150 million in-house Web3-focused investment and acquisition fund, Nexo Ventures. The company’s venture capital investment arm plans to invest long-term in a large number of early-stage institutional and retail projects related to the company’s core businesses which includes DeFi Innovation, Web3, Trading and payment infrastructure, Metaverse, NFTs, GameFi, and Compliance solutions among others. “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,” said Tatiana Metodieva, CFA, Nexo Head of Corporate Finance and Investments. Prior to launching Nexo Ventures Fund, the company invested in a wide array of blockchain projects such as BlockFills, Bware Labs, 1inch, BCB Group, Interlay, Mizar, Texture Capital, The TIE, Qredo, Rain, and Yield. 1/ Thread: Today we’re proud to announce the launch of Nexo Ventures, our in-house Web3-focused investment and acquisition fund https://t.co/sGYYMMjqUI — Nexo (@Nexo) March 23, 2022 Leading the MetaFi Race Nexo currently leads the MetaFi realm. In December 2021, the company through a partnership with Singapore digital asset hedge fund Three Arrows Capital became the first crypto lender to accept NFTs as collateral for loans. Operating across more than 200 jurisdictio...