Today, Evernew announced the establishment of a 20M Ecosystem Fund in collaboration with the Solana Blockchain. The Eco fund will concentrate on developing the blockchain ecosystem in Taiwan and providing services and resources to fuel the Solana ecosystem’s innovative initiatives.
Who is Evernew Capital?
Evernew Capital was founded in 2018 and is a venture fund promoting decentralized finance (DeFi), NFT companies, and infrastructure development that bring new dimensions to the developing multi-chain crypto ecosystem.
The company offers a variety of services for its portfolio projects including strategic consultancy, creation of tokenomics, assistance for marketing, technical feedback, audits, product development, and connections to prospective partner projects. The significant presence and network of the Fund in Taiwan and East Asia allow products to be introduced more effectively into these target markets and help teams to navigate local regulatory obstacles.
Solana is one of the world’s most rapidly expanding blockchain ecosystems, with its revolutionary Proof of History technology that powers almost immediate transactions and processes more than 50,000 transactions per second, without needing complicated layer-2 sharding. The speed and scalability of Solana allow developers to add features that blockchains with lesser scalability cannot provide, enabling new experimental, composable, and innovative dimensions for decentralized systems. Speed and minimal transaction costs provide an inexpensive and smooth customer experience.
According to Arthur Kuan, the Founder of Evernew Capital, “Taiwan is one of the world’s DeFi hotspots. In the past year, many excellent Taiwanese projects have been launched onto the international stage. Although there are no national borders in blockchain, we still hope to vigorously promote the development of Taiwan’s blockchain ecosystem, bringing more developers or anyone who is interested in this field and the resources entering this industry.”
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