TechFlow news — Crypto lending platform Nexo has launched a $150 million internal Web3 investment fund. The company’s venture capital arm, Nexo Ventures, plans to deploy capital into blockchain-based gaming, decentralized finance (DeFi), NFTs, and related sectors. Tatiana Metodieva, Head of Corporate Finance and Investments at Nexo Ventures, said the fund will drive continued adoption of digital assets and expand the Web3 ecosystem.
Previously, the venture arm has invested in 1inch, BCB Group, BlockFills, Bware Labs, Interlay, Mizar, Qredo, Rain, Texture Capital, The TIE, and Yield Protocol, and partnered with hedge fund Three Arrows Capital to launch an NFT lending platform, NFT Lending Desk.
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