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    Why is Nexo (NEXO) Trending

    By Ammar Mukhtar

    Mar 23,2022

    7:11 AM UTC

    Nexo, a high-level money bank, has fanned out a $150 million endeavor arm for Web 3 activities and acquisitions.

    Nexo Ventures reported Wednesday that it will put resources into Web 3, decentralized finance (DeFi) progress, non-fungible tokens (NFTs), metaverse, and GameFi, as well as segments and trading framework and consistency associations.

    Tatiana Metodieva, Nexo’s head of corporate money and undertakings, will lead the division.

    Nexo Ventures will in like way “research the practicality of permitting Nexo’s clients to contribute nearby us, in this way utilizing our capacities to work with financial sponsor overhaul and flood heightening,” as indicated by Metodieva’s authentication.

    The Web 3 regular system has instigated the interest of crypto and blockchain financial support, with several identical assets arising recently. Hashed brought $200 million up in December for the movement of the Web 3 environment, and Griffin Gaming Partners itemized a $750 million asset in March.

    Gaming, unequivocally, has drawn industry heavyweights, with crypto trade FTX contributing $100 million last year to back gaming studios that interlace the Solana blockchain into games. The asset was helped with spreading out by Solana Ventures and Lightspeed Venture Partners.

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