China Merchants Bank And Nervos Network Launches $50 Million Fund

Blockchain and banking go hand in hand in this new partnership.

A partnership between China Merchants Bank and Nervos network will be the first joint investment fund that involves a bank and a layer 1 blockchain.

The $50 Million InNervation fund will invest in decentralized finance, decentralized applications,distributed ledger platforms and non-fungible token marketplaces over a three-year period.

InNervation will select startups and projects that has plans to integrate with the Nervos blockchain in their long term roadmap to invest from US$200,000 and US$2 million initial funds.

The InNervation partnership aims to create a positive development on the blockchain and crypto ecosystem.

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