• Web3-Focused Fund VVF has announced a $5 million investment into the Everscale blockchain.
• The investment is aimed at helping the industry to solve its scalability issues, as well as helping Everscale complete its goal of hiring more developers and expanding the number of projects.
• VVF Chairman Peter Knez stated that the investment is strategic, as it will support the technological development of projects.
The Web3-oriented Venom Ventures Fund (VVF) has recently announced an investment of $5 million into the Everscale blockchain. This strategic investment was made in collaboration with the Abu Dhabi-based Iceberg Capital Limited and Venom Foundation. VVF aims to help the Web3 industry by solving its scalability issues, as well as helping Everscale complete its goal of hiring more developers and expanding the number of projects.
Speaking on the investment, VVF’s Chairman Peter Knez stated, “For us, this is a strategic investment aimed at the technological development of projects.” He went on to explain that VVF’s financing will help to ensure that Everscale can reach its goal of becoming the leading platform for Web3 development.
Everscale is a blockchain platform that offers an array of solutions for Web3 development. It provides developers with an array of tools to help them build and deploy projects quickly and efficiently. The platform also offers smart contracts, distributed ledger technology, and decentralized finance (DeFi) solutions.
The investment from VVF will be used to accelerate the growth of Everscale’s development team and expand the number of projects it can handle. This in turn will help to create a more robust and secure Web3 industry. It will also help to ensure that Everscale can reach its goal of becoming the leading platform for Web3 development.
VVF has also announced that it will be providing additional resources to Everscale, such as mentorship, guidance, and capital. This investment is a sign of VVF’s commitment to the Web3 industry and its desire to help it reach its full potential.
The $5 million investment into Everscale is part of VVF’s larger mission to support the development of Web3 projects. VVF is dedicated to supporting the growth and development of the Web3 industry and believes that this investment will help to further that mission.
With the help of VVF’s investment, Everscale will be able to continue to grow and expand its solutions for Web3 development. This will help to ensure that the Web3 industry can reach its full potential and create a more secure and robust ecosystem.