CMB International, a division of financial services firm China Merchants Bank, and China-based Nervos Foundation have launched a $50 million blockchain fund, InNervation.
“Nervos has partnered with CMBI to launch #InNervation, a $50M fund for early and growth-stage startups building dApps, #DeFi protocols, #NFT marketplaces, and more blockchain solutions
Find out what this means for the Nervos Network pic.twitter.com/4BKSqxIWIS
Nervos (@NervosNetwork) May 19, 2021″
Over three years, the fund will invest in a variety of projects, including DeFi-protocols and NFT marketplaces using Nervos technology. The amount invested per project will range from $200,000 to $2 million
CMB International and the Nervos Foundation will also give the projects access to Nervos infrastructure elements, including a decentralized exchange, Polyjuice’s Ethereum solution and the open source Godwoken rollup framework.
Earlier, Multicoin Capital launched a $100 million fund focused on DeFi and NFT.
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