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Nexo launches $150 million fund to invest in Web3

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Nexo is the latest company to launch a venture fund aimed at investing $150 million in Web3 and other crypto-related sectors.

Attention to Web3 continues to grow as more and more companies race to invest in this technology. 

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Nexo – a leading digital asset service provider – revealed today that it is launching a new fund aimed at investing in projects. focus on Web3.

This fund is called Nexo Ventures and launched with an initial investment of 150 million dollars.

Key areas the Foundation will focus on include Web3, DeFi, NFTs, GameFi, metaverse, compliance, payments and transaction infrastructure.

Nexo Ventures is led by Tatiana Metodieva, head of Nexo's Corporate and Financial Investments.

Metodieva says:

At Nexo, we believe blockchain technology will change the way we connect and use financial services. […] Our mission is to help entrepreneurs who are driving the crypto revolution forward. Nexo Ventures aims to drive continued adoption of digital assets and expand the Web3 ecosystem.

Most recent, Bain Capital - a veteran and well-known asset manager based in the US - has launched a new fund worth 560 million dollars.

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