EchoVC Launches an $8 Million Blockchain Seed Fund
It is reported that the venture capital company EchoVC announced the launch of the pilot blockchain seed fund \”EchoVC Chain\” of US $8 million. The new fund wil…
It is reported that the venture capital company EchoVC announced the launch of the pilot blockchain seed fund “EchoVC Chain” of US $8 million. The new fund will focus on the basic financial technology infrastructure, including the infrastructure for optimizing payment, liquidity and fund management using stable currency, the splitting and delivery of Layer 2, DeFi, NFT, and encryption/financial technology construction “primitives”. In addition, it will explore other emerging blockchain fields, such as digital identity, privacy Decentralized infrastructure edge nodes, agile supply chain, and interaction between AI/ML and DAO.
Venture capital company EchoVC launched a pilot blockchain seed fund of US $8 million
Interpretation of the news:
EchoVC has announced that it is launching a pilot blockchain seed fund worth $8 million, called EchoVC Chain. This new fund will mainly focus on developing financial technology that ensures reliable infrastructure, optimizing payment and fund management, liquidity using stable currency, and delivery of Layer 2, DeFi, NFT, and encryption/financial technology construction fundamentals. In addition, the fund management team also aims to explore other emerging blockchain fields like digital identity, privacy decentralized infrastructure edge nodes, agile supply chain, and the interaction between AI/ML and DAO.
The new fund will help several startups successfully complete their pilot phases and lay a solid foundation for the future. By focusing on the basic financial technology infrastructure, the EchoVC Chain fund will help developers accelerate the building of robust technologies. As a result, it will impact the blockchain industry and foster innovative solutions that meet the evolving needs of consumers in finance.
Layer 2 is the protocol layer, and it runs on top of the blockchain network’s base layer. It mainly focuses on scalability and relies on off-chain transactions to increase the volume of transactions per second. The EchVC Chain fund aims to improve the delivery of Layer 2, which can significantly improve the speed and efficiency of financial transactions.
The DeFi space is the hottest flavor in the blockchain world right now. It deals mainly with decentralized finance, where traditional finance processes are performed on the blockchain without intermediaries. NFTs are non-fungible tokens that provide their owners with unique digital property rights. EchoVC Chain aims to develop infrastructure using NFTs to enhance decentralized finance.
The intersection between AI/ML and DAO could result in a revolutionary impact on the blockchain industry. EchoVC Chain aims to explore the potential of blockchain-based AI/ML and DAO collaboration to come up with innovative solutions that ensure the growth of emerging blockchain-based industries.
In conclusion, EchoVC Chain is a transformational platform that will help the blockchain industry thrive. The new fund’s focus on promising blockchain technologies will boost infrastructure development and result in innovative financial solutions. Startups can leverage this fund to solidify their pilot projects, laying the foundation for excellent Blockchain-based financial products.
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