Zurich, Switzerland--(Newsfile Corp. - April 14, 2022) - Skynet EGLD Capital, the first licensed fund to accept in-kind subscriptions in Elrond Network blockchain's native currency EGLD, announces it has raised more than USD 40 Million for supporting the development of the Elrond ecosystem.
Skynet EGLD Capital is the brainchild of the founders of Skynet Trading, an algorithmic trading software and consulting firm that grew its portfolio to 100+ Million USD daily turnover in under 3 years. They will leverage their knowledge and expertise in synergy with the resources and tools at their disposal to accelerate the growth of the Elrond Network ecosystem.
"We have personally been strong supporters of the Elrond team and the technology they are developing since the beginning," said Jordy Fiene, Founding Partner at Skynet EGLD Capital. "The network is rapidly maturing and new waves of builders are joining the ecosystem at an unprecedented pace. This is the perfect time to double-down on our commitment and support Elrond's journey."
With strategic backing from the Elrond Foundation, Morningstar Ventures, Spark Digital Capital, Woodstock, Verko and others, Skynet EGLD Capital will be solely focused on accelerating the development of the Elrond ecosystem by providing support for startups in the form of capital, advisory and facilitation of access to new markets and high value collaborations.
In addition to its backers, the fund has the additional support of Binance Institutional,...
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