EchoVC Launches US $8m 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, a venture capital firm, has announced the launch of a pilot seed fund called “EchoVC Chain” worth USD 8 million. The fund aims to focus on the basic financial technology infrastructure that includes different aspects such as payment optimization, liquidity, and fund management using stable currency. The initiative is based on the idea of decentralized finance (DeFi), non-fungible tokens (NFT), Layer 2 splitting, and distribution, along with the construction of encryption and financial technology tools.
EchoVC Chain also aims to explore other emerging blockchain fields, such as digital identity, privacy, decentralized infrastructure edge nodes, and agile supply chain. It will also explore the interaction between artificial intelligence (AI) and decentralized autonomous organizations (DAOs). This project is a significant step in the right direction as it brings together different technologies to crack the challenges of the ever-evolving financial and technical world.
With the growing interest in blockchain technology and the emergence of more advanced fintech products, it is essential to build the underlying infrastructure that can handle the massive volume of data and transactions. The demand for this infrastructure has risen recently as more people are looking for ways to securely store their funds, trade, and participate in a peer-to-peer system that eliminates the need for intermediaries.
The emergence of blockchain technology is transforming the landscape of the traditional financial industry, and startups are continuously exploring this technology to create innovative solutions. The investment that EchoVC has made in EchoVC Chain is a testament to their confidence in blockchain and its potential for growth as an asset class.
In conclusion, EchoVC Chain’s pilot seed fund is a notable project that demonstrates how blockchain technology can be harnessed to revolutionize the financial industry. The focus on basic financial infrastructure has the potential to create and improve the conditions for further innovation and growth. This investment sends a message that blockchain technology is here to stay and is an integral part of the future of finance.
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