Crypto funding consortium Genezis Network launched

   2020-12-02 09:12



Genezis Network’s vision is to create a network of individuals from the crypto industry to invest and support startups.

As the first step towards supporting crypto startups in India, two leading players in the crypto space of India — Ajeet Khurana and Pareen Lathia — have launched “Genezis Network” – a consortium of crypto experts to fund startups. They are investing in early-stage crypto startups working on problems with use cases.

The cryptocurrency industry has a market capitalization of $550 billion. With NYSE’s parent company starting a cryptocurrency exchange to PayPal adopting Bitcoin to funds like Blackrock considering Bitcoin’s potential over Gold, this technology and the industry are here to stay.

Related News

With this launch, the Indian crypto startups can now breathe a sigh of relief as India’s prominent crypto names have formed a consortium to fund crypto startups. Until now, most startup investors and VC funds have stayed away from cryptocurrency startups. Due to this many crypto founders and startups have moved out of India.

Speaking on the launch of the consortium, Ajeet Khurana, a leading investor in the startup and crypto currency space in India, said, “We want to support crypto startups and help India grow its technological strength. We’re investing in these startups at an early stage. Looking forward to working with some great projects.”

Pareen Lathia, AVP-Marketing at India’s largest crypto exchange, WazirX, commented, “A crypto project cannot survive without a solid marketing plan. Creating content that simplifies complex technology and acquiring distribution can be the key for a crypto project’s success.”

Genezis Network’s vision is to create a network of individuals from the crypto industry to invest and support startups. They are inviting startups to apply for funding via their website.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.


Original Source


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin32,885 0.23 % 5.63 % 12.20 %
Ethereum1,252.9 0.44 % 4.17 % 10.68 %
Tether0.9994 0.37 % 0.12 % 0.42 %
Polkadot16.61 1.93 % 8.30 % 50.62 %
XRP0.2854 0.03 % 1.28 % 6.89 %
Cardano0.3460 0.09 % 1.23 % 11.11 %
Litecoin136.12 0.40 % 7.43 % 7.73 %
Bitcoin Cash451.89 0.70 % 8.06 % 9.03 %
Chainlink19.72 0.14 % 2.77 % 23.56 %
Stellar0.2745 0.80 % 4.32 % 9.72 %
Binance Coin40.07 1.31 % 2.69 % 0.39 %
USD Coin0.9995 0.20 % 0.05 % 0.28 %
Wrapped Bitcoin32,800 0.70 % 5.62 % 12.17 %
Bitcoin SV189.57 0.10 % 3.21 % 10.93 %
Monero142.60 0.58 % 5.88 % 17.14 %
EOS2.650 0.40 % 3.41 % 4.69 %
VeChain0.03231 1.29 % 2.80 % 23.70 %
Aave170.55 0.55 % 6.77 % 15.55 %
TRON0.02902 0.17 % 3.07 % 3.78 %
Tezos2.650 0.50 % 5.12 % 6.46 %