Nervos Partners With CMB International, Launches $50 Million Fund “InNervation”
The Nervos Foundation has partnered with CMB International, a wholly-owned subsidiary of China Merchants Bank, and launched a $50 million fund named “InNervation” that will be used to make early investments in startups that are building blockchain-based user-centric products. It has been reported that Decentralized finance (DeFi) protocols, dApps, and nonfungible token (NFT) marketplaces will be a particular focus of the investments. However, Nervos claims to allow any crypto