Nexo announced the launch of Nexo Ventures that will focus on Web3, GameFi,  compliance  solutions and crypto payments. I addition, Nexo will also explore the metaverse, which has has gained renewed interest.Q4 2021 volumes have gone up or down and how much?

Nexo allocated $150 million for long-term investments to be made by Nexo Ventures. Tatiana Metodieva, Nexo Head of Corporate Finance and Investments will lead Nexo Ventures.

Since HSBC acquired land in the Sandbox, the GameFi industry benefited from an additional boost. As more countries are looking to regulate the crypto and NFT markets more capital may be invested in future projects.

Funding rounds may be more common throughout 2022. If the world is heading towards a digital era, startups and traditional institutions will attempt to gain a foothold at a very early stage of the digital adoption.

Tatiana Metodieva’s Remarks

Tatiana Metodieva, Head оf Corporate Finance and Investments (CFO) said, “At Nexo, we believe that  blockchain  technology will transform the way we connect and use financial services.

“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.

“Also, our investment value proposition differs from most traditional investment funds. We’re native to and have a deep understanding of the digital asset industry and technology.

“We prioritize strategic investments and aim to integrate innovative solutions into Nexo’s product ecosystem and across our global market footprint.

“We explore the feasibility of enabling Nexo’s users to invest alongside us, thereby leveraging our capabilities to facilitate investor diversification and wealth maximization.”

Nexo was founded in 2017 by by Antoni Trenchev and Kosta Kantchev. The firm raised approximately $53 million in a funding round.

In 2020 Nexo informed its token holders that $6.1 million will be paid in dividends. It included 30% of the firm’s net profits for 1 year.

Source: https://www.financemagnates.com

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