Nexo, the world’s first instant crypto-backed loans platform, is setting its sights on the emerging Web3 economy. The company has announced $150 million Web3 Investment Fund, which will invest in promising Web3 projects and technologies.
The fund will invest in both early-stage and already established Web3 ventures and is open for investments from the public. The first round of the fund has already closed, with the minimum investment set at $1,000.
Designed to support some of the most innovative teams working on the cutting edge of blockchain technology, the Fund is a bold statement of Nexo’s commitment to promoting Web3 and the crypto ecosystem at large. With the current market volatility, this is the perfect time for investors to join the Fund.
Just a few days ago, we announced that Nexo would be the first company to offer the world’s first Instant Crypto Loans – a unique service that allows users to borrow money instantly using their crypto as collateral. Today, I’m excited to tell you about our next big announcement: the launch of Nexo’s Web3 Investment Fund.
The fund will be backed by $150 million in investments from Nexo, and will invest in promising Web3 ventures that are looking to raise capital. The fund will invest in a variety of sectors including fintech, dApp development, and more.
Nexo’s investment team has already backed BCB Group, BlockFills, The TIE and 1inch
One of the hottest investment strategies in crypto is the use of “collateralized debt structures”, or CDOs for short. Nexo’s COO Gautam Kini explains it best: “A CDO is a fancy way of saying ‘We’ll lend you money on the promise that we’ll get paid back later, with interest.’
In crypto, it works a little differently. Instead of a bunch of banks coming together and creating a CDO, a group of like-minded investors get together and form a CDO.
Summary
Nexo, a Brooklyn-based blockchain start-up, is announcing the launch of a $150 million Web3 investment fund. The fund will provide investors with the opportunity to support blockchain companies that are building the future of finance through decentralization and democratization.
The fund will offer a range of investment opportunities, including equity, debt, and real estate, and will be managed by Nexo’s in-house investment team. The fund will also work with third party asset managers to enhance returns.
