NextTech launches US$50 million blockchain fund

Tuesday, Nov 16, 2021 15:18

Next100 Blockchain has invested in the and ecosystems, with AntLaunch co-ordinating project evaluation. — Photo courtesy of the firm

The NextTech Group has announced the Next100 Blockchain ( investment fund, which has a fund size of US$50 million that focuses on investing in equities and digital assets (Tokens) in blockchain technology start-ups in the early stages.

Through an exclusive 8-way due diligence approach, Next100 Blockchain intends to become an essential reputational indicator, to be a "lighthouse" that help the Crypto investing community relieve unpleasant stories in the context of up to 80 per cent of blockchain projects with crowdfunding classified as frauds.

NextTech aspires to be a reputable foundation for reliable and competent Blockchain technology start-ups. Next100 Blockchain was established as a specialised investment fund for blockchain technology start-ups in Viet Nam and all around the world. Blockchain start-ups that get funded by Next100 Blockchain will have access to the broad Blockchain Community through the AntLaunch platform of the Ecosystem and the Stable Coin

“The most distinguishing features of Next100 Blockchain is the comprehensive evaluation system and stamp affirming the capacity and legitimacy of the project team. Further to that, the investor enables communication to engage Blockchain Start-ups to the Crypto investment community and other reputable funds around the world, forming a launching pad for a strong Start-up to reach out to the global Crypto market,” said Shark Nguyen Hoa Binh, Founder and Chairman of the venture.

Blockchain technology is progressively becoming a major global technological trend, and the Crypto investment fever that burst during the COVID-19 outbreak has turned it into a substantial financial investment channel. According to research published by CB Insight, global blockchain startups raised $4.38 billion in the second quarter of 2021, an exponential rise of more than 50 per cent over the previous quarter and nearly 9 times the amount raised in the same period last year. Notwithstanding the pandemic's difficult dynamics, the number and total value of community investments in Blockchain enterprises in Viet Nam have surged significantly over the last two years. — VNS

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