NonceVC announces $18 Million Strategic Fund to accelerate the Growth of Crypto Companies
October 02 2021 - 05:41AM
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The buzz around the blockchain industry isn’t going down anytime
soon as more use cases keep popping up in various sectors. There is
a myriad of factors contributing to the push we are currently
observing. One of the most significant among them is the increase
in industry readiness, both from a technical and ideological
perspective. With blockchain and cryptocurrency re-emerging in such
a major way, it is important to also note the institutions that are
propelling this change. Hence, it is no surprise that NonceVC has
revealed a new commitment to developing modern blockchain
solutions. Leading Blockchain Venture Capital firm NonceVC
announces an $18 million strategic funds for budding web3 companies
to drive mainstream crypto adoption. NonceVC is the venture arm of
famed blockchain development studio NonceBlox that has
significantly contributed to the growth and development of Web3
companies all around the world over the last 3 years. Accelerating
Web3 Companies of the Future This fund cements NonceVC’s commitment
to scale web3 dapps and create a more accessible, decentralized,
and cost-effective crypto ecosystem. NonceVC aims to invest in
fast-moving projects, with an initial focus on DeFi, Fintech and
NFT dapps, with the goal to empower founders that are creating
breakthrough applications in the blockchain ecosystem. The company
based out of the British Virgin Islands already has credible web3
consulting and advisory experience, having a portfolio of over 27
web3 firms such as Defi11, VulcanForged, NiftyPays, ArcadeNet,
Pacific DeFi, SinCity, Bingo, NextBloc, SolarBlox, Rise, Aimedis
and 33 Numbers to name a few. Companies working with NonceVC are
assured of transparency and credibility. Importantly, NonceVC
doesn’t discriminate between blockchain companies based on the size
as long as they are related to blockchain and cryptocurrencies and
consider itself to be an equal opportunity investor. When asked
what they typically look into when investing in companies, Vinshu
Gupta, Co-Founder of NonceVC said – “Since we are typically
investing at the earliest stages of 1-4 founders in markets that
are completely uncharted, the idea will mold over time, the markets
will change, but the founders they need to adapt and move forward
together as a team. Persistence and Innovation is what we treasure
the most” Investing In Superhumans On being asked “What is your
investment thesis?” Vinshu added – “A nonce is an abbreviation for
a ‘number only used once’. It’s also a metaphor for what we do. We
are super selective and get associated with unique founders and
ideas. “Capital is often the smallest part of what we can
contribute. It’s the network effect that Nonce’s brand brings along
that is usually what’s most sought after in the journey of a
company. Our mission is to provide financing to early stage
startups that have the teams and tech that can move the crypto
space forward in an innovative, meaningful way. We’re taking a long
term view of the web3 space, and believe that multiple pathways are
healthy and good for the ultimate benefit of the industry” Most
early-stage startups often suffer from a lack of funds, expertise
or experience. Having an extensive network of sister syndicate
funds, KoLs, community leaders, and marketers, NonceVC places
itself as an ideal incubation partner for such startups.
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