NextTech established $50 M to invest in blockchain firms in Southeast Asia
NextTech Group, a technology company in Vietnam and Southeast Asia that manages 20 platforms to facilitate digital transformation, has announced a $50 million blockchain fund.
Next100 Early-stage blockchain firms will get funding from Blockchain in return for equity and digital assets (tokens). AntLaunch, a decentralized platform that allows crypto-based enterprises to finance, implements a due diligence procedure before money input.
AntEx, a finance blockchain business that secured US $2.5 million from NextTech in October, uses AntLaunch as a launchpad.
The evaluation procedure takes into account eight factors, including team, feasibility, tokenomics, technology, legality, digital asset management process, finance and accounting, and marketing and sales capabilities, to help the crypto investing community avoids fraud.
“The uniqueness of Next100 Blockchain is the evaluation process and confirmation of the capability and authenticity of the startup,” said Binh Hoa Nguyen, CEO and founder of NextTech Group. “In addition, the fund accompanies and consults development strategies and supports the publicity of blockchain projects to connect with the crypto investment community and other reputable funds in the world.”
NextTech Group’s Next100 Blockchain will also function as a venture builder, incubating entrepreneurs and technologists in the blockchain space to launch enterprises.
Apart from AntLaunch, AntEx is a financial blockchain ecosystem co-founded by CEO Henry Tran in 2021 that features blockchain wallet AntEx, liquidity and token locking function AntLock, and open-source stable currency VNDT.
VNDT is a stable currency that is tied to the Vietnamese dong (VND) (rate of 1:1). The liquidity is provided by Ngan Luong, a local payment gateway. Within the AntEx ecosystem, VNDT has price stability and may be utilised in e-commerce transactions, loans, and investments.
Initial Liquidity Offering (ILO) and Initial DEX Offering and Vesting are two AntLaunch products with different characteristics (IDOV). These characteristics, whether centralized or distributed, are believed to solve present launchpad difficulties.
Following the investment from NextTech, AntEx conducted a token sale through Antex.org and VNDT.com, claiming to have raised “millions of dollars” in less than 30 seconds.
AntEx’s financial technology solutions may now make use of NextTech’s massive user base on a multi-platform ecosystem that includes payment gateway Ngan Luong, payment platform Vimo, and e-marketplace Chodientu.vn.
AntEx also wants to develop an NFT marketplace, VN Smart Chain, and AntEx Academy & Research till 2022, according to its roadmap.
Global blockchain funding skyrocketed to US $15 billion in the first nine months of 2021, according to research by CB Insights, up 384 percent from US $3.1 billion in 2020.
According to Satis Group, almost 80% of initial coin offerings (ICOs) are scams, with just 8% making it to the level of trading on cryptocurrency exchanges.
Despite the fact that cryptocurrency remains unregulated in Vietnam, the country has the second-highest bitcoin adoption rate among the 74 countries surveyed by Statista. Furthermore, nearly half of Vietnamese (59%) stated they would consider investing in cryptocurrency in the future. According to the Cryptoassets in Asia research, almost 31% claimed they would utilize cryptocurrencies to make online payments.
