Newly launched VenomVentures invests $5 million in Everscale blockchain as strategic collaboration kicks off
A new-gen VC fund and a high-performance blockchain are going to collaborate in expanding the reach of decentralized solutions across the globe. In addition, this partnership will cement VVF's position as a leading VC lab in the Abu Dhabi region.According to the official statement shared by
Venom Ventures Fund Chairman Peter Knez, ex-CIO of BlackRock, announces that the collaboration and recent investing round is of crucial importance for both teams and global Web3 disruption as a whole:For us, this is a strategic investment aimed at the technological development of projects and teams around technologies that we focus on and actively develop.
The blockchain is among the pioneers of dynamic sharding technology that pushes the barriers of scalability for all mainstream L1 and L2 decentralized platforms.Everscale Foundation Board Member Moon Young Lee is sure that fresh funds will help his team in accomplishing new landmark milestones of its technical and marketing roadmaps:
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