China Merchants Bank and Nervos Foundation launch $50 million blockchain fund

May 20, 2021


blockchain fund

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.

Find out our professional review on bitcoin evolution platform.

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Hi there, my name is Zalman Weinberg. I'm enthusiast with over 7 years of experience in cryptocurrencies and blockchain. Professional Trader providing Blockchain solutions to Startups and Enterprises. Expert in all cryptocurrency exchange APIs (BitMEX, Bittrex, Binance, Bitfinex, Kraken, Poloniex, Gdax etc.). I have also worked with multiple Forex broker APIs.

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