Venom Ventures: a disappointing first year in
cryptocurrency investments
Venom Ventures Fund, a cryptocurrency-focused fund backed
by Venom Foundation and Abu Dhabi-based Iceberg Capital, announced
earlier this year it was ready to invest $1 billion
dollars on web3. However, when the first year of activity of the
background comes to an end, it seems to have little to show. Although he led a
$20 million investment in Nümi Metaverse and made an investment
$5M strategic investment on Everscale Layer 1 blockchain,
no other deals have been announced. The fund's website does not provide
no information about his portfolio and there are no records of him having
invested in any startup since January, according to The Block Research.
Furthermore, the Venom blockchain associated with the fund has not yet
launched its mainnet. Meanwhile, Peter Knez, one of the leaders of the
fund, assumed new responsibilities as president of the fund
focused on the conservation of the Amazon ONE. Read more news
generated by AI at: https://app.chaingpt.org/news$
