China Merchants Bank and Nervos Foundation Come Together to Launch $50M Blockchain Ecosystem Fund
10 hours ago by Bhushan Akolkar · 3 min read
Photo: Depositphotos
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The investments from the $50 million fund will be allocated during a three-year period. Startups building on Nervos will receive an initial investment of between $200,000 and $2,000,000.
On Tuesday, May 18, CMB International (CMBI), a wholly-owned subsidiary of China Merchants Bank, has joined hands with China’s leading blockchain solutions provider Nervos Blockchain. Together they announced the launch of a $50million blockchain fund dubbed InNervation.
The new fund aims to help early-age startups building blockchain-based user-centric products. InNervation’s investment focus will involve DeFi protocols, decentralized apps (DApps), DLTs, non-fungible tokens (NFTs) and much more. Basically, the fund aims to target projects that are building on the Nervos plat
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