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CMB International and Nervos Foundation Jointly Launch $50M Blockchain Ecosystem Fund

CMB International and Nervos Foundation Jointly Launch $50M Blockchain Ecosystem Fund
As the first joint investment vehicle between a prominent financial institution and a layer 1 blockchain, the InNervation fund will invest in decentralized applications
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SHENZHEN, China, May 18, 2021 /PRNewswire/ Nervos, China s leading blockchain, today announced the launch of a $50 million fund with CMB International (CMBI), a wholly-owned subsidiary of China Merchants Bank. The new fund, dubbed InNervation, will make early and growth-stage investments in startups building user-facing products based on blockchain technology. InNervation s investment focus will include decentralized applications (dApps), decentralized finance (DeFi) protocols, distributed ledger platforms, non-fungible token (NFT) marketplaces, and more. ....

Hong Kong , Kevin Wang , Samuel Wang , Nervos Network , China Merchants Bank , Incorporated In Hong Kong , Nervos Common Knowledge Base , China Merchants , Chief Investment Officer , Force Bridge , Ecosystem Grants , ஹாங் காங் , கெவின் வாங் , சாமுவேல் வாங் , சீனா வணிகர்கள் வங்கி , இணைக்கப்பட்டது இல் ஹாங் காங் , சீனா வணிகர்கள் , தலைமை முதலீடு அதிகாரி , படை பாலம் , சுற்றுச்சூழல் அமைப்பு மானியங்கள் ,

CMB International and Nervos Foundation Launch $50M Blockchain Ecosystem Fund

FinSMEs is the financial news site dedicated to covering venture capital, private equity, and merger and acquisition deals in real time! ....

Hong Kong , Nervos Network , China Merchants Bank , Incorporated In Hong Kong , Nervos Common Knowledge Base , Nervos Foundation , China Merchants , Force Bridge , ஹாங் காங் , சீனா வணிகர்கள் வங்கி , இணைக்கப்பட்டது இல் ஹாங் காங் , சீனா வணிகர்கள் , படை பாலம் ,

China's Nervos, a Major Public DLT Network, Introduces $5M Fund for Blockchain and Fintech Entrepreneurs

China’s Nervos, a Major Public DLT Network, Introduces $5M Fund for Blockchain and Fintech Entrepreneurs
China’s
Nervos, a major public blockchain network, has introduced a $5 million fund that will provide cash grants to blockchain and Fintech entrepreneurs developing new solutions for “the future” of decentralized finance (DeFi).
As mentioned in a release shared with CI, the pledge “comes amid recent backlash and controversy involving centralized trading platforms and aims to accelerate the shift from a centralized financial infrastructure built on legacy technology to a decentralized one powered by blockchain.”
As more retail traders begin entering the traditional equities and digital asset markets in record numbers, centralized finance has “begun to show signs of cracks in its infrastructure,” the announcement noted. ....

Kevin Wang , Nervos Network , Nervos Common Knowledge Base , Nervo Defi , கெவின் வாங் ,