Nexo Ventures Crypto Lender Nexo Launches a $150 Million Web3 Investment Fund

The leading crypto lending platform, Nexo, announced the launch of Nexo Ventures and became the latest to jump on the Web3 bandwagon.

Bishal Kumar Chanda3 min read
Nexo Ventures: Crypto Lender Nexo Launches a $150 Million Web3 Investment Fund

As interest in Web3 increases, more companies are jumping in to invest in the next big thing. The leading crypto lending platform, Nexo, announced the launch of Nexo Ventures and became the latest to jump on the Web3 bandwagon. As Nexo’s in-house Web3-focused investment and acquisition fund, Nexo Ventures would be committed to accelerating the development and adoption of blockchain technology. In addition, the crypto lender announced an investment of $150 million in long-term commitments. It includes early-stage retail and institutional projects in sync with Nexo’s core businesses.

The key areas that Nexo Ventures will focus on include:

  • DeFi Innovation
  • Web3
  • Metaverse, NFT, and GameFi
  • Crypto Applications
  • Compliance Solutions

The division will be led by Nexo’s Head of Corporate Finance and Investments, Tatiana Metodieva. “At Nexo, we believe that blockchain technology will transform the way we connect and use financial services,” Metodieva adds, “Our mission is to elevate entrepreneurs who help push the crypto revolution forward. Nexo Ventures aims to drive the continued adoption of digital assets and the expansion of the Web3 ecosystem.”

Today, it has become a trend amongst top crypto companies to launch their own venture capital arm. Nexo’s primary aim is not to depend on big venture firms like Paradigm Capital and Andreessen Horowitz, with billions of dollars to support innovative blockchain protocols. Nexo Ventures will prioritize strategic investments to integrate innovative solutions into Nexo’s product ecosystem worldwide.

What distinguishes Nexo Ventures:

  • Access to Nexo’s in-house FinTech expertise and development resources.
  • Integration with Nexo’s core products and services for efficient deployment
  • Born from the digital asset ecosystem.
  • Liquidity provisions for partnering protocols.
  • Extensive community and marketing support.

Just like any other prominent blockchain service provider investing in the ecosystem, Nexo has been investing in innovative projects before the launch of its venture capital arm. Key investments include 1inch, BCB Group, BlockFills, Mizar, Bware Labs, Interlay, Yield Protocol, Texture Capital, Qredo, Rain, and The TIE.

About Nexo

Nexo is the world’s leading crypto asset institution. The company’s goal is to maximize the value and utility of crypto assets with an Exchange service, instant crypto credit lines, high-yield crypto savings accounts, sophisticated trading, and OTC capabilities. In addition, it also provides industry-best custodial insurance and a highly secure Nexo Wallet. Until now, Nexo has processed more than $75 billion for over 3.5 million users across 200 countries. Nexo has been a leader in MetaFi, and in December 2021, by partnering with Three Arrows Capital, it became the first crypto lender to accept NFT collateral for loans. In fact, Nexo has established a platform for those who prefer hodling blue-chip NFTs as investments.

Still curious? To know more, read our Nexo Review.

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