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March 25, 2022

The Emergence of Blockchain-Backed Venture Capital

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Over the last year, we have seen a dramatic increase in venture capital backed by blockchain firms. Some of the most popular cryptocurrency and blockchain platforms in the world, including Crypto[.]com, FTX, and Binance, announced “in-house venture funds committed to backing early-stage crypto startups.” Additionally, Polkadot recently announced a $250-million ecosystem fund that will operate through its decentralized finance and liquidity branch, Acala. And Next announced Nexo Ventures, a 150-million fund dedicated to DeFi and Web3 projects, and regulatory compliance for cryptocurrency startups. (NASDAQ)

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