One of the largest Bitcoin (BTC) mining pools, ViaBTC, is launching its own investment fund. The fund will finance startups in Web 3.0, decentralized finance (DeFi) and non-fungible tokens (NFTS). With its future investments, ViaBTC wishes to develop its ecosystem and more particularly its CoinEx platform.
A new venture capital fund for ViaBTC
The company ViaBTC, one of the largest Bitcoin (BTC) mining pools, has just created a new investment fund entirely dedicated to financing startups operating in the cryptocurrency and blockchain industry.
Called ViaBTC Capital, this investment fund focuses on financing projects related to Web 3.0, decentralized finance (DeFi), non-fungible tokens (NFTs), decentralized autonomous organizations (DAOs) and layer 2 protocols.
In addition to financial support, ViaBTC also provides the startups it supports with other services, including marketing support, technical advice and access to a network of investors.
Based on its own experience in the development of products such as mining pools, wallets, cryptocurrency exchange platforms or blockchains, ViaBTC Capital will effectively accompany multiple projects.
At the time of writing, ViaBTC Capital is already helping 3 blockchain startups:
- Qredo: a cross-chain protocol for asset managers ;
- Lunarcrush: a protocol designed to track the impact of social media on cryptocurrencies;
- Nabox: a multi-chain wallet for decentralized finance.
To support this new initiative, ViaBTC Capital has joined forces with many other investment funds and blockchain startups such as Pantera Capital, IOSG Ventures, Shima Capital, TokenInsight, TokenPocket, Woo, Wanxiang Blockchain Labs or Blofin.
In addition, ViaBTC opens with this new product the doors of its entire ecosystem to the most promising projects. The latter will be able to get direct access to the CoinEx platform, and list their token if they have one. Such a listing will also benefit the platform’s users, who will be able to invest in this token via an Initial Exchange Offering (IEO).
An initiative that will benefit the entire ViaBTC ecosystem
Founded in May 2016, the ViaBTC group has this particularity of having very early developed a complete ecosystem around cryptocurrency and blockchain. Initially specialized in Bitcoin mining, ViaBTC now has multiple products.
The cryptocurrency exchange platform CoinEx and its users will benefit the most from ViaBTC Capital’s investments. Via the acquisition of a token, it will be possible to invest in projects directly supported by ViaBTC, among other things.
In addition to IEO, CoinEx also offers a yield farming solution, ideal to ensure the launch of a new token by distributing it to the platform’s users.
ViaBTC’s teams have also developed the ViaWallet digital wallet, its own blockchain, the CoinEx Smart Chain (CSC) or its decentralized exchange platform OneSwap.
Thus, each project that receives support from ViaBTC Capital will have the opportunity to connect to the elements of this entire ecosystem, and contribute to its development.