Venom Ventures Fund Invests $5 Million In Everscale To Catalyze Web3 Efforts
Summary
That is a remarkable amount, given the dismal market performance all crypto assets went through last year.In addition, the investments spanned NFTs, blockchain gaming, metaverse, and infrastructure. Paradigm and Andreessen Horowitz have become significant contributors.In addition, new investment entities have been formed during the 2022 bear market. Both teams aim to ensure mainstream adoption of blockchain technology, primarily through real-world business-oriented use cases. Those will all prove crucial in making Venom the default bridge for adopting central bank digital currencies in the Middle East, North Africa, and other regions.Everscale has noted substantial growth across various Asian countries. That makes it a viable partner for the Venom Ventures Fund and its focus on Asia and other regions.