Author: chainwire

Singpore, Singapore, 24th January, 2023, Chainwire

Bunzz a web3 development platform for decentralized applications, has completed a $4.5M seed round. Investors included gjmp, DG Daiwa Ventures, Coincheck, and Ceres. Funding will be used to help build out Bunzz’s Smart Contract Hub, which is already used by more than 8,000 dApp developers. (Product page: https://bunzz.dev/ )

Bunzz has established a strong track record since its launch 11 months ago. Over 8,000 DApp developers have been using the platform, and more than 3,000 DApp projects have been deployed on-chain, making it one of the largest DApp development infrastructures in Asia. 

The platform has been recognized by top-tier landmarks as a major infrastructure service in the smart contract development sector. It has been featured on the web3 development infrastructure chaos map published by Coinbase. Additionally, Bunzz was also a finalist in Icetea Lab, Singapore’s largest web3 accelerator program.

Currently, engineers who can handle DApp development are very rare. The reason is that the barrier to developing smart contracts, which are web3-specific programs, is high. In other words, if web2 software engineers could handle contract development, it would be much easier to enter the web3 space.

Bunzz has succeeded in simplifying the previously complex development process by providing frequently used contracts as modules and wrapping the preparation of nodes and the launch of the development environment. 

About Bunzz’s core feature “Smart Contract Hub”

Bunzz offers a modularized version of frequently used smart contracts. These are freely available to general users and can be reused by other DApp developers.

On the other hand, there is a similar service called Open Zeppelin, an open-source library. The difference between this and Bunzz is convenience. While OZ’s code is just a library and cannot be deployed right away as it requires a development environment and nodes, Bunzz’s modules can be deployed with just a GUI. It is truly the “web3 version of Docker Hub”.

Partial list of smart contract modules offered by Bunzz

NFT related modules:

• NFT (IPFS Mintable)  
• NFT (Breedable)  
• NFT (Custom-URI)  
• NFT (Royalties)  
• Simple Marketplace (For NFT)  
• Auction Marketplace (NFT)  
• NFT (ERC721)  
• Non-Tradable Token (ERC4671)  
• Simple Marketplace (For MultiToken)  
• Auction Marketplace (For Multi Token)  

DeFi related modules:

• Token (ERC20)  
• Token (ERC20 Capped)  
• TokenERC20DAOToken 
• ReflectionToken 
• MultiToken (ERC1155)  

Kenta Akutsu, CEO & Co-Founder of Bunzz, explained: “Bunzz ultimately aims to become web3’s equivalent to Docker Hub. Immutable smart contracts on the blockchain are open programs, also called ‘public goods,’ because anyone can access and use them without permission. However, the usage flow and the logic of their operation are difficult to understand, making it inconvenient for engineers who want to reuse them. Bunzz aims to solve this problem by incentivizing creators of smart contract modules to create more accurate coding and documentation. Please feel free to contact us via twitter or discord.”

The 13 participating investors:

Bunzz pte ltd company profile:

• Company name: Bunzz pte ltd
• Representative: Kenta Akutsu
• Head Office: 6 Eu Tong Sen Street #12-17 The Central Singapore 059817 
• Business: Operation of web3 development infrastructure “Bunzz”
• Establishment: May, 2022
• Capital: 4,500,000 USD
• URL: https://bunzz.dev

Contact

CEO
Kenta Akutsu
Bunzz pte ltd
kenta@bunzz.dev

Miami, Florida, 24th January, 2023, Chainwire

Genesis Coin Inc, the first and largest Bitcoin ATM software platform worldwide announced today that they have been acquired by early Bitcoin ATM pioneers Andrew Barnard and Doug Carrillo. 

Founded in 2013, Genesis Coin’s technology powers approximately 35% of global Bitcoin ATM transactions. Barnard and Carrillo, who also founded Bitstop, built the first and largest private-label Bitcoin ATM platform based in Miami, FL with over 2,500+ Bitcoin ATMs worldwide. Genesis Coin and Bitstop represent over 75+ operators operating 12,000+ Bitcoin ATMs in the United States and international markets powering billions of dollars in annual sales volume.

As part of the acquisition, Andrew Barnard will become Chief Executive Officer and Doug Carrillo will become Chief Strategy Officer and both will join the Board of Directors of Genesis Coin. Evan Rose, Genesis Coin’s founder, will stay on as a technical advisor and remain a member of the company’s Board of Directors. The Genesis Coin headquarters will move to Miami, Florida.

“Genesis Coin gave birth to the Bitcoin ATM industry,” said Barnard. “It’s the first and largest Bitcoin ATM software platform in The World. Evan built a platform trusted by some of the largest Bitcoin ATM operators in our industry, both domestically and internationally, including the Chivo network in partnership with the Government of El Salvador. 

Our industry is now rapidly changing and Genesis Coin will lead the way into the future. Accomplishing this requires a solid team of world-class visionaries and developers. At Bitstop, we built an incredible software team and platform which has partnered with some of the largest companies both private and publicly traded from the traditional ATM industry. We plan to bring our background and expertise in building the best technology and team in the Bitcoin ATM industry to Genesis Coin. We believe this is a win-win for all stakeholders,” furthered Barnard.

“Andrew, Doug, and I have been friends for a long time and have also been friendly competitors,” commented Rose. “They have a reputation for their innovative and creative thinking. In addition, they have been successful in establishing key relationships in the Bitcoin space and their technical expertise and knowledge of Bitcoin is very impressive. In turn, this has allowed them to attract and retain top-tier talent and build great products. This transaction represents the coming together of the two leading software platforms in the industry and creates value for both companies’ stakeholders. It combines the best product, engineering, and leadership teams in the space. I’m thrilled to work alongside them and look forward to introducing very exciting new products and services we have planned for this year,” commented Rose.

Barnard, Carrillo and Rose stressed the importance of continuing to provide stability to both platforms and continuing to service the needs of operators on both platforms. For the time being, both the Genesis Coin and Bitstop platforms will continue to run independently while exploring technical synergies. Genesis Coin has already made several key hires to its development team with a core focus on product development. 

“This acquisition represents the most significant event in the Bitcoin ATM industry to date,” said Carrillo. “Our commitment is to provide Genesis Coin with the proper resources it needs to pave the way for continued growth and innovation. We truly believe that this new combination of the best minds in our space will be the catalyst for the Bitcoin ATM industry evolving into its next phase. We are hyper-focused on building the best software for Bitcoin ATMs in the world. Today, the most sophisticated operators in our industry rely on Genesis Coin and Bitstop technology to power their businesses. As a result, we have become ‘The Standard’ in the Bitcoin ATM space where virtually all industry organic M&A activity today is occurring on the Genesis Coin and Bitstop networks.” concluded Carrillo. 

“Leverage dominated the entire cryptocurrency space over the last two years. Many other platforms in our industry couldn’t resist the siren song,” said Barnard. “This is a capital-intensive industry where you do not want to be in a lot of debt. Genesis Coin is financially secure with a strong balance sheet, no debt, and strong cash flow. The company does not have external investors. The result of this is that operators can build their future on the Genesis Coin platform with confidence. In a volatile industry, we are a beacon of stability. We are bullish on the potential of this industry. We see significant market growth from here over the next 10 years. We believe we are in the best position in the industry to unite the very best operators and support their growth. Our goal is to listen to our operators and deliver the very best products and features to them so they can deliver maximum value to their customers at scale,” concluded Barnard.   

About Genesis Coin

Genesis Coin is the first and largest white-label Bitcoin ATM network worldwide. We are the premier provider of autonomous vending solutions for bitcoin. Genesis Coin’s proprietary managed infrastructure software solution has propelled it to become the largest provider of Bitcoin ATMs and software facilitating self-service buying and selling billions of dollars in cryptocurrencies across the world annually. Genesis Coin’s software provides customers with a reliable, tailored operating platform. Genesis Coin delivers its software by selling BTMs to third-party operators who provide opportunities for businesses looking to diversify their revenue and drive foot traffic to their locations. Our machines make bitcoin simple for everyone. www.bitcoinatm.com 

Contact

CEO
Andrew Barnard
Genesis Coin Inc
media@bitcoinatm.com

Manila, Philippines, 19th January, 2023, Chainwire

BlockchainSpace CEO and Founder Peter Ing, Metasports CBO and Co-Founder Lars Hernandez, and Metasports CEO and Co-Founder Joe Josue are optimistic that the majority acquisition of Metasports will make waves in Web3 and bring great value to their stakeholders in the coming years.

BlockchainSpace (BSPC), the leading data aggregator and infrastructure provider for guilds and Web3 projects, is confident that 2023 will be a banner year following the majority acquisition of Intellectual Property (IP) House, Metasports.

Peter Ing, Chief Executive Officer and Founder of BSPC, believes the synergistic partnership with Metasports will bring more value to the partner guilds under BSPC’s flagship product, Guild Hub, and give Metasports an unbridled springboard to high-impact Web3 communities.

“BlockchainSpace is looking to scale faster this year. It doesn’t matter if it’s a bull market or a bear market – innovation doesn’t stop. We’ve always been focused on strengthening our resources to support our mission, with a more consolidated approach through Guild Hub,” stressed Ing.

Launched in late 2022, Guild Hub is BSPC’s initiative to help create legitimacy among Web3 communities by delivering an effective way of policing the community and providing a venue to create impactful and valuable partnerships. The Metasports acquisition will be instrumental in fostering further business growth, allowing BSPC to continue supporting the community.

“Esports and guilds are not going away as they are integral to Web3 gaming,” added Ing. “Metasports will be essential in serving these guilds.”

The acquisition of Metasports, with its proven capabilities in the gaming and content creator space, will further expand the opportunities for $GUILD token integration, solidifying BSPC’s position as a leader in providing comprehensive and user-friendly solutions for guilds and Web3 projects.

Metasports, which launched in December 2021, focuses on Web3 and Web2 gaming IPs across esports, creator networks, and news and media verticals. It has quickly proven its value in the Web3 space through the Lunacian Sports League (LSL), the first professionally organized and longest-running esports league for Axie Infinity, and the establishment of its Creator Business Management with renowned content creator KookooTV as the first partner.

While many veer away from high-risk decisions given the market conditions, the two companies view the acquisition as a strategic move based on a thorough understanding of the market, thanks to BSPC’s readily available and growing data sets through Guild Hub. 

Joe Josue, CEO and Co-Founder of Metasports, is confident they can strengthen their commitment to enhance experiences around gaming and will bring value to their stakeholders through this acquisition.

“We saw an incredible opportunity to grow and invest in more IPs, and that’s when we started to seek venture. In BlockchainSpace, we found a partner that would be the backbone which we could build on Web3. By tapping BlockchainSpace’s infrastructure, we will finally be able to build technology-backed IPs, which is a powerful next step for us,” Josue shared.

With BSPC’s and Metasports’ sights set on scalability this year, both companies look forward to bringing in major changes that will not only impact their business development but contribute to the success and longevity of the growing global Web3 community.

About BlockchainSpace
BlockchainSpace is the one-stop-shop for all guild needs that provides essential, scalable infrastructure, digital tools, financing solutions, and networking opportunities. To date, BSPC enables over 24,000 Guilds and 2 million players to scale in the Metaverse, successfully managing and growing their communities.

For more information about the $GUILD token, head over to blockchainspace.asia/guild-token-page

About Metasports
Metasports is an IP  House centered on Web3 gaming and esports across three verticals: Esports Experiences, Creator Networks, and News & Media.

Contact

Media Relations Officer
Rafael Rex Botero
ALPAS Consultancy
rex@alpasconsultancy.ph

San Francisco, California, 18th January, 2023, Chainwire

Today, Coinbase has listed Kava and will launch a massive Learning Rewards Campaign to educate its user base about how Kava is leading the world to Web3.

Kava is a decentralized layer-1 blockchain that combines the speed and interoperability of Cosmos with the developer power of Ethereum. Kava has spent the last year building a deep integration with Coinbase that optimizes the process for Cosmos SDK chains to integrate with Coinbase helping to drive new liquidity to the Cosmos ecosystem.

Unlocking Cosmos Liquidity
Coinbase’s native integration with Kava allows for easy listing of Kava ecosystem projects, KAVA staking on Coinbase, and unlocks DeFi usage for Coinbase users on Kava. Additionally, Kava worked with the Coinbase team to make it significantly easier for Cosmos chains to list on the exchange, unlocking access to liquidity for Cosmos projects and further driving the adoption and growth of the entire Cosmos ecosystem. The entire process whittles the timeline for integrating Cosmos SDK chains to Coinbase from 12-18 months to a single month. Cosmos chains can now be integrated as easily as ERC-20 tokens. A major step forward to increasing liquidity within the Cosmos Ecosystem

“It’s exciting to see Kava listed on the largest US-regulated exchange. Coinbase sets the standard as the most important on-ramp for new users and capital into the blockchain ecosystem. I look forward to growing Kava’s exposure to new users, which will have downstream effects for all protocols in the Kava Rise program and the Cosmos ecosystem.” — Scott Stuart, CEO of Kava Labs

Fueling Protocol Growth with Kava Rise

Kava was built from the ground up to optimize its resources for protocol growth, strengthened by its Cosmos-EVM technology that enables maximum scalability, speed, security, and developer support. In 2022, Kava combined on-chain and off-chain growth mechanisms into a single developer incentive program called Kava Rise. 

Kava Rise aims to set a new standard for enabling growth and demand for thousands of Web3 protocols. Builders earn a share of Kava Rise’s $750M developer incentive fund via the program’s blockchain-based distribution method, designed to reward the top protocols every month based on usage. More than 50 protocols like Curve Finance, Sushi, and Beefy Finance have collectively brought more than $15M TVL into the ecosystem, showcasing the program’s ability to enable protocols to grow and thrive regardless of market conditions. 

About Kava
Kava charges Web3 growth with the best on-chain incentives and Cosmos-EVM sidechain tech. Join the network bringing millions into Web3 at kava.io 

Contact

Media Manager
Guillermo Carandini
Kava Labs
guillermo.carandini@kava.io

Kyiv, Ukraine, 18th January, 2023, Chainwire

Cross-chain prime brokerage protocol Primex Finance rolls out a major update to its application. Launching in two stages, Beta 0.3.0 introduces a variety of new features, as well as improvements and fixes of existing functionalities.

Starting on January 12th, 2023, Phase 1 was exclusively available for Primex Early Users, who could be the first to have a hands-on experience with Beta 0.3.0. From now on, Early Users will get privileged access to all major protocol updates in the future (beginning from Beta 0.3.0). In addition to the chance to test new releases before other community members, participants of the program also enjoy further benefits, such as direct communication with the Primex team and fellow Early Users via Discord, as well as the ability to participate in private challenges and earn exclusive prizes.

On January 18th, 2023, the Primex team will open access for the public to Beta 0.3.0, allowing anyone to launch the application and test the new release without restrictions.

Beta 0.3.0 introduces four new core features. As the first and the most important, Primex now deploys to two new blockchains: the Polygon Mumbai and Polygon zkEVM testnets. Consequently, users can now test Primex by trading and lending digital assets on DEXs across four different blockchains (Ethereum Goerli, zkSync 2.0 testnet, Polygon Mumbai, and Polygon zkEVM testnet). With the new multi-chain functionality, traders and lenders can now swap between different networks via a single interface.

“When we asked our community which chains we should deploy Primex on, Polygon was by far the top choice among voters. While we were happy about the results, they didn’t come as a surprise for our team. Mumbai is the testnet of Polygon PoS, the Layer 2 blockchain with the highest DeFi TVL that can achieve up to 7,000 TPS. On the other hand, zkEVM is a newer solution that uses ZK-rollups via the ultra-fast Polygon Zero technology to achieve a 90% fee reduction for users on Ethereum’s L2. For these reasons, it makes great sense to deploy Primex on the testnets of these two blockchains,” said Vlad Kostanda, Primex Finance’s Co-Founder.

Besides the above core features, the Primex team introduced additional changes to the protocol as part of the Beta 0.3.0 update, including:

• Support for the OKX Wallet, which users can now utilize to connect their wallets to Primex alongside MetaMask and WalletConnect
• The integration of the QuickSwap v2 DEX on Polygon Mumbai
• Enhanced trading experience via a new bot that periodically synchronizes asset prices on the testnet with the mainnet
• Improved UX for downloading trading history
• The ability to see the date and time when an order or position was created on the trading page
• Bug fixes related to the translation of the Primex application’s certain components and translation delays after a user switches between languages
• Additional optimizations and bug fixes

About Primex Finance

Founded in 2021, Primex Finance is the first-ever cross-chain prime brokerage protocol that seeks to solve the DeFi market’s liquidity fragmentation issue by enabling spot margin trading backed by lenders across numerous DEXs and blockchains with a totally decentralized trade execution mechanism. In September 2022, the team advanced to the next stage of its roadmap by launching the platform’s Beta release. Recently, the project rolled out Beta 0.3.0, a major update to the protocol introducing a wide range of important features, functionalities, and fixes. For more information, visit Primex’s website and blog.

Contact

CMO
Anton Demenko
PrimexLabs OÜ
anton@primex.finance

Tortola, British Virgin Islands, 18th January, 2023, Chainwire

Fasttoken (FTN) is excited to announce its initial exchange offering (IEO), set to take place from Jan. 18 to 20, 2023. A limited number of 10 million tokens will be available for public sale, with a price of 0.35 euro per token.

Fasttoken is the official cryptocurrency of Fastex, a complete Web3-driven ecosystem that includes Fastex Chain, Fasttoken, ftNFT marketplace, Fastex Pay and the ecosystem’s metaverse, Fastex Verse.

The Fastex ecosystem is designed to provide a seamless and integrated experience for users, allowing them to engage easily with the various features and services offered within the ecosystem. The Fastex Chain, which is set to have its test during February 2023, serves as the backbone of the ecosystem, providing an innovative, next-level consensus mechanism, proof-of-stake-and-activity.

The Fasttoken IEO presents an opportunity for users to be a part of the innovative and exciting Fastex ecosystem. With a limited number of tokens available, the Fastex community is now open to new members and offers the opportunity to become an early adopter. Fastex invites individuals to join and be a part of a growing community.

About Fastex
Fastex ecosystem operates as a branded house for Fastex products, including Fastex Verse, ftNFT marketplace, Fastex Chain, Fastex Pay crypto payment system, Fasttoken and Fastex Exchange crypto & exchange platform.

Opening up a vast network of over 7000 users and more than 500 partners, Fastex aims to provide effective solutions for businesses and communities and make Web 3.0 technologies more accessible than ever.

Follow Fastex for more updates:
Website | Instagram | Facebook | Twitter | Discord

Contact

Press contact
press@fastex.com

Geneva, Switzerland, 12th January, 2023, Chainwire

Orange Financial, a multi-chain yield farming treasury, is excited to announce its public mint date on February 1st, 2023. As the only NFT project to offer stablecoin rewards through yield farming to its holders, Orange Financial will revolutionize the world of yield farming and NFTs.

Through its innovative approach, Orange Financial has created a basket of DeFi assets and farming opportunities to provide yield for its NFT holders. The Treasury takes care of all the compounding and harvesting on behalf of its holders and routes the returns back through USDC, making it a convenient and secure choice for hands-off diversification. 

One of the key features of Orange Financial is that the Treasury rewards users in stablecoins as opposed to using a native token. This allows holders to receive real-yield instead of devaluing volatile assets. The treasury participates in a wide range of yield farming opportunities to provide the best returns for its holders. With no native token and no fixed interest rate, the Treasury’s payout schedule is purely dependent on market conditions and is transparently posted on a weekly basis.

In addition to its diversified DeFi Treasury, Orange Financial is also Polygon native and does not require any staking or interaction from NFT holders after they mint their NFTs. All USDC rewards are air-dropped directly to the wallet of each holder, making it a hassle-free way to participate in yield farming.

Orange Financial NFT’s can be stored on cold wallets with no connection to the internet, making it a safe and convenient way to receive stablecoin rewards. With a low cost of entry and no minimum stake requirement, Orange Financial allows NFT holders to diversify into a basket of high-cost-of-entry yield farming projects and receive all the compounding benefits without any additional effort.

Be sure to catch the launch of Orange Financial on February 1st, 2023 and keep an eye out for updates on Orange Financial’s progress as we work to revolutionize the DeFi industry and offer real-yield opportunities for NFT holders.

About Orange Financial
Orange Financial was Created from a desire to have a service in the web3 space that simply did not exist: A efficient, yet incredibly transparent yield farming treasury that has no native token and no fixed interest. A treasury that pays rewards to holders only when they are due- and always in an asset that never loses value (USDC). 

As DeFi continues to grow the price of entry for certain projects continues to rise. Orange Financial believes everyone should have the opportunity to participate in DeFi. With a low cost of entry, Orange Financial NFT holders are able to diversify into a basket of high-cost of entry-yield farming projects and receive all the compounding benefits without lifting a finger.

Social media:
Website | Twitter | Discord 

Contact

Chief Marketing Officer
John Talbot
Orange Financial
pr@orange.financial

New York, United States, 11th January, 2023, Chainwire

Reap, the global fintech company powering expense management through the industry first Reap Visa Corporate Card (“Reap Card”) platform, launches industry-leading innovation by including cryptocurrency repayments functionality for the Web3 industry. Together with the Reap Card, Reap is offering expense management software that will enable web3 companies to settle their fiat payments with cryptocurrencies. 

Daren Guo, Reap Co-Founder, said: “We noticed a gap in the payments market involving web3 projects that face challenges for settling corporate expenses with non-fiat currencies like cryptocurrency. A seamless and scalable solution to convert crypto into fiat currently does not exist as traditional banks have not been able to settle on an industry standard for these web3 businesses. Reap is now able to bridge the gap between web3 businesses and the web2 fiat economy.”

Security and stability are at the forefront of customers’ minds who leverage Web3 technologies. To build out a trusted ecosystem, Reap has integrated with Fireblocks, an easy-to-use platform to create new blockchain-based products and manage day-to-day digital asset operations. 

Stephen Richardson, SVP of Financial Markets at Fireblocks, added:  “The security of digital assets is of paramount importance when it comes to building customer trust, which is why we are delighted to be working with Reap to power secure, frictionless payments for web3 creators. Reap’s solution stands to improve operational efficiency for web3 projects, allowing founders and project owners to focus on building innovative products with greater peace of mind. We’re proud to work with innovative companies like Reap that will enable the next generation of digital assets.”

The Reap Card simplifies the process of settling global payments in fiat by using USDC, USDT, BTC, and ETH seamlessly to resolve the problem of costly handling fees that include multiple off-ramp parties. Digital provider Gnosis has already used this service to see firsthand how the Reap Card streamlines complicated currency conversion processes and billing issues, freeing up executive time to focus on core business operations.

“As an early adopter of Reap Card, we have been able to take advantage of their innovative product suite and seamlessly settle payments in fiat currencies,” said Dosh, Communication and Marketing Team at Gnosis. “Reap’s solution has been particularly useful for bypassing the difficulties and hurdles that often come with trying to use cryptocurrency to navigate the traditional banking system.”  

Reap envisions a future where every business, regardless of size and industry, has the opportunity to operate at its full potential by building and applying innovative financial solutions. Reap is committed to orchestrating success with all types of business to capture global opportunities, in an ever-changing competitive global marketplace.

About Reap

Reap is a financial platform that enables access and financial connectivity through innovation for companies of all sizes. Reap combines spend management software with a range of innovative payment products — including the flagship Reap Visa Corporate Credit Card. Reap is committed to helping businesses orchestrate success by providing the best financial tools that evolve with their customers and the market.

Reap is supported by industry-leading investors including Acorn Pacific Ventures, Arcadia Funds, HashKey Capital, Hustle Fund, Fresco Capital, Abacus Ventures and Payment Asia. Reap was founded in 2018 and has expanded to a team of over 40, working across offices in 7 countries.

Find out more here. Media Inquiries- Reap media@reap.global

Contact

Daniel Choy
daniel@reap.global

Abu Dhabi, Abu Dhabi, 11th January, 2023, Chainwire

Venom Foundation, the first Layer-1 blockchain licensed and regulated by the Abu Dhabi Global Market (ADGM), and Iceberg Capital, an ADGM regulated investment manager, officially announce that they have partnered to launch a $1 billion venture fund called Venom Ventures Fund (VVF). 

The blockchain-agnostic fund will invest in innovative protocols and Web3 dApps, focusing on long-term trends such as payments, asset management, DeFi, banking services, and GameFi. It aims to become the leading supporter of the next-generation digital technologies and entrepreneurs.

Venom Ventures Fund (VVF) will leverage Iceberg Capital’s network, expertise, and capabilities to offer incubation programs and access to an extensive industry network. Furthermore, it will assist the investee projects with marketing, exchange listing, technical, legal, and regulatory support. 

The fund’s leadership team consists of some of the world’s most experienced traditional finance and blockchain professionals; including Peter Knez, ex-CIO at BlackRock and Mustafa Kheriba, a seasoned and well-known investment professional with an impressive track record in the MENA region. Mustafa has served on the Board of Directors of several financial services and insurance companies in the Middle-east and Europe.

Operated by Iceberg Capital, the fund will be investing in projects and teams from pre-seed to Series A rounds. It will strive to accelerate the adoption of blockchain, DeFi, and Web3 while generating long-term value for investors.

Mustafa Kheriba, the Executive Chairman of Iceberg Capital, said “We are thrilled to partner with Venom Foundation, launching their new $1 billion fund. Even though the blockchain industry is witnessing a steep correction in prices, we believe that builders will continue to build and innovate. With Venom Ventures, we will be providing financial, technical, and marketing support to the most promising teams and projects in Web3 space to help them bring their visions to life.”

The Abu Dhabi Global Market (ADGM) is an international financial center and free zone that provides market participants with a world-class legal system and regulatory regime. Established and operated by ADGM regulated entities, Venom Ventures Fund (VVF) will be transparent and will adhere to the regulations. 

Peter Knez, Chairman of Venom Ventures, said, “I am delighted to be a part of the launch of our new Venture Capital fund here in Abu Dhabi. I am excited to work with a team of experienced investment professionals and talented people from the crypto industry, and we are ready to allocate strategic investments in the most innovative web3 start-ups that are poised for mass adoption. Our mission is to transform digital asset management and make a lasting impact on the industry. Venom is the ideal platform for us to achieve this goal.”

Venom Ventures Fund (VVF) leads the $20 million funding in Nümi Metaverse

The fund has made its first investment, leading Nümi Metaverse’s $20 million funding round. Nümi Metaverse is a universal platform for creators, innovators, and followers. Nümi will launch its ‘Visual Novel’ in 2023, a mini-game experience with a range of special prizes for players.

Nümi will also launch VR metaverse by the end of this year, followed by a PC and mobile version in 2024. The Nümi investment showcases the fund’s investment strategy. Developers and builders working on innovative Web3 projects are invited to apply for funding through the Venom Ventures Fund website.

About Iceberg Capital

Iceberg Capital Limited is regulated by FSRA as a Prudential Category 3C investment manager based in ADGM. Iceberg Capital is a fast-growing alternative asset management company that provides diversified investment management platforms that includes direct and private equity, venture capital, technology, and virtual assets. Iceberg Capital also offers traditional asset management services such as investment portfolios in local and international markets, financial instruments (equities, ETFs, commodities, derivatives, etc), as well as specialized platforms for securities, and blockchain technology.

For more information about Iceberg Capital, visit: Website | LinkedIn

About Venom Foundation

Venom is the world’s first regulated blockchain. The decentralized network operates under the jurisdiction of the ADGM, with a license to issue utility tokens. The ADGM is an oasis for investors and financial services firms, positioning Venom as the world’s first compliant blockchain, affording authorities and enterprises the freedom to build, innovate, and scale.

A portfolio of in-house dApps and protocols has been developed on the Venom blockchain by various companies. It now harbors the potential to become a bridge for the adoption of CBDCs in the Middle East, North Africa, and worldwide.

For more information about Venom Ventures, visit: Website  |  Twitter

For more information about Venom Foundation, visit: Website  |  Twitter

Contact

Adam Newton
pr@venom.ventures