ADA & DOT Get Another Push From FD7

2021-3-2 21:51

Dubai-based FD7 Ventures has announced the opening of its office in Bangalore, India. The crypto investment fund will invest $250 million in a micro-fund focusing on developing the Cardano (ADA) and Polkadot (DOT) ecosystems.

The micro-fund will make annual investments between $1 million and $5 million across 50 companies specializing in developing ADA and DOT.

Roughly 30% of these companies will receive secondary investment of $5 million to $20 million, depending on their growth, the announcement read. 

ADA and DOT’s Benefit

The company noted it was bullish on non-fungible token (NTF) projects, which is another reason it is focusing on these decentralized finance (DeFi)-enabling platforms. Prakash Chand, global managing director at FD7 Ventures, said:

“Just look at Bondly, which is built on Polkadot. It literally blew up overnight when YouTuber Logan Paul sold more than five million dollars’ worth of NFTs in just 24 hours.” 

Chand also expressed excitement about taking advantage of local talent with the Bangalore office.

“The India Institute of Technology is churning out top talent who are already working on Polkadot and Cardano projects at the university level,” he added.  

Cardano Ascendant 

This news comes in light of FD7 announcing last week that it would liquidate its $750 million holdings of bitcoin (BTC) in order to buy more ADA and DOT.

Chand had said that BTC had largely served its purpose and that the altcoins have better long-term potential. Upon hearing the news, Cardano founder Charles Hoskinson tweeted his welcome of FD7 to the ecosystem.

Notably, Cardano was one of the few cryptocurrencies to withstand last weeks’ liquidations. In fact, it actually reached an all-time high on Feb. 27, which moved it to third place in terms of coin market capitalization. Cardano’s Mary hard fork upgrade is supposed to take place today, March 1, introducing native tokens and multi-asset support to the platform.

The post ADA & DOT Get Another Push From FD7 appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Dotcoin (DOT) на Currencies.ru

$ 0.0055765 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0.0055765 - H: $0.0055765
Капитализация $1.74m Rank 99999
Доступно / Всего 312.018m DOT / 890m DOT

million ada companies dot secondary investment receive

Источник: beincrypto.com

million ada → Результатов: 44


Фото:

Dubai Based Crypto Investment Fund to Convert $750 Million Worth of BTC Into ADA and DOT Tokens

A Dubai based crypto-based investment fund, FD7 Ventures says it will offload bitcoins worth $750 million and will use the proceeds to increase positions in Cardano and Polkadot tokens. According to FD7 Ventures, this switch to the two altcoins will help the fund to better serve the interests of investors who are looking to diversify […]

2021-2-27 18:30


Очередная криптобиржа стала жертвой хакеров

Сингапурская криптобиржа Bitrue сообщила о хакерской атаке, в результате которой злоумышленникам удалось вывести цифровые активы Cardano (ADA) и токен XRP от Ripple. The hacker used what they learned from this breach to then access the Bitrue hot wallet and move 9.

2019-6-27 12:00


Биткоин-биржа Bitrue лишилась более $4 млн из-за хакерской атаки

Сингапурская криптобиржа Bitrue сообщила о хакерской атаке, в результате которой злоумышленникам удалось вывести цифровые активы Cardana (ADA) и токен XRP от Ripple. The hacker used what they learned from this breach to then access the Bitrue hot wallet and move 9.

2019-6-27 11:19


Zcash (ZEC) Crypto Report by eToro Features Vitalik Buterin, Snowden, Winklevoss and ADA Leader Quotes

In its latest cryptocurrency report eToro, the social trading platform has chosen Zcash (ZEC) for evaluation. The money coin that has the maximum supply of 21 million ZEC follows the same block reward halving as of BItcoin that comes every four years where after reaching the value of 21 million ZEC will make it effectively […]

2019-3-18 21:07


Blockchain Business in Crypto Valley Has Doubled Since Last Year: Report

The number of blockchain-related companies in Switzerland and Liechtenstein has doubled in the last year, according to a new study published by CV VC. The Zug-based firm, in partnership with Strategy& (PwC’s global consulting arm) and inacta, compiled information about the top 50 blockchain and digital asset companies between the two countries.

2018-10-11 00:18


How Cardano (ADA) Plans to Solve Proof of Stake

Cardano (ADA)–Coming off the positive news of a potential partnership with Coinbase, Cardano’s ADA has benefited from a pump in price over the weekend.  Investors and enthusiasts alike seek to reverse the losses of 2018’s bear cycle, both in anticipation of the buying power of Coinbase’s 13 million+ customers and also in appreciation for what […] The post How Cardano (ADA) Plans to Solve Proof of Stake appeared first on Ethereum World News.

2018-7-15 19:49


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Tether plans to launch Dirham-pegged stablecoin

Tether will launch a Dirham-pegged stablecoin in collaboration with Phoenix Group. New stablecoin will join USDT, EURT and other Tether-issued stablecoins. Tether plans to add a new stablecoin pegged to the United Arab Emirates’ Dirham to its suite of stablecoins, according to an announcement on Aug.