Venom Ventures Partners with Everscale, Announces $5 Million Strategic Investment

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Newly launched VenomVentures invests $5 million in Everscale blockchain as strategic collaboration kicks off

A new-gen VC fund and a high-performance blockchain are going to collaborate in expanding the reach of decentralized solutions across the globe. In addition, this partnership will cement VVF's position as a leading VC lab in the Abu Dhabi region.According to the official statement shared by

Venom Ventures Fund Chairman Peter Knez, ex-CIO of BlackRock, announces that the collaboration and recent investing round is of crucial importance for both teams and global Web3 disruption as a whole:For us, this is a strategic investment aimed at the technological development of projects and teams around technologies that we focus on and actively develop.

The blockchain is among the pioneers of dynamic sharding technology that pushes the barriers of scalability for all mainstream L1 and L2 decentralized platforms.Everscale Foundation Board Member Moon Young Lee is sure that fresh funds will help his team in accomplishing new landmark milestones of its technical and marketing roadmaps:

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

VenomVentures This partnership news between everscale_net and venomfoundation reminds me of the relationship between Kusama & Polkadot. The tech behind Everscale was good before and I can see how this move is a strong play for an ecosystem of solid products. 👀

VenomVentures Anybody has info about, that defi money making bot

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 295. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Venom Ventures Fund makes $5 million strategic investment in Everscale blockchainEverscale blockchain will receive $5 million strategic investment in stages from new Abu Dhabi-based Venom Ventures Fund. all of the success $ever everscale you deserve it bigtime! a big clap for Everscale! $EVER 🚀 kudos to everscale for going to its maximum scale $ever
Source: TheBlock__ - 🏆 464. / 53 Read more »