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Hedera Launches USD 155M DeFi-Focused Fund


  A development fund worth USD 155m intended to boost the use of the Hedera (HBAR) network in DeFi applications has been announced by the HBAR Foundation. According to an announcement from the foundation on Tuesday, the new fund – dubbed the Crypto Economy Fund – will focus on “increasing...

NFT of Nelson Mandela’s Arrest Warrant Raises $130,000


A South African museum, Liliesleaf Museum Heritage Site, recently raised $130,000 via the auction of a non-fungible token (NFT) created from an arrest warrant issued against Nelson Mandela in 1962. Proceeds From NFT Sale to Fund Museum Activities A non-fungible token (NFT) minted from the former...

Polkadot Parachains Partners with Venture Funds to Launch aUSD Fund


Polkadot Parachain has decided to prepare a 250 million dollar aUSD Ecosystem Fund to boost its native stablecoin, Acala USD. Members from nine Polkadot parachains joined hands with Venture Funds to assist emerging startups. The latest Ecosystem Fund will help provide robust use-cases for...

Nexo Launches USD 150M Investment & Acquisition Fund Focused on Web3


  The crypto lending and borrowing platform Nexo (NEXO) has launched a new investment fund focused on the emerging Web3 industry. The fund will invest USD 150m in “early-stage retail and institutional projects” that are "synergetic" to Nexo’s core business, an announcement from the company said....

Grayscale Investments Launches Smart Contract-Focused Diversified Fund


The largest digital currency asset manager in terms of assets under management (AUM), Grayscale Investments, has announced the launch of a smart contract fund that is compiled of ethereum competitors. The fund called “GSCPxE” holds seven different smart contract coins and it’s...

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