Somewere in 2018
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NEM (XEM), they have a working product and a lot of partnerships coming...
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High profile Australian investors will soon be able to get exposure to cryptocurrency in a way more familiar to them than currently available. This comes thanks to a new fund founded by Dominent Venture Partners’ Domenic Carosa and Holger Arians, and Herik Andersson, himself an experienced Wall Street trader. Apollo Capital, as they’re known, are attempting to raise a $30 million for use in the blockchain space. They aim to focus on cryptocurrencies, blockchain-based projects, and initial coin offerings. The fund will be Australia’s first to manage crypto assets and will be reserved for investors with a minimum of $50,000AUD available. For Carosa such funds are inevitable and are all part of providing the necessary legitimacy for the space to flourish. He told the Australian Financial Review: “It’s still very embryonic, but for us this is part of the market maturing and bringing more credibility to the space… You hear that people like Bill Gates, Richard Branson and funds like Andreessen Horowitz taking long-term bullish views on bitcoin and blockchain … this also adds further credibility.” Meanwhile, the NEM.io blockchain development fund is also expanding to Australia. Jason Lee, their global director of partnerships and strategic alliances aims to invest around $14 million in Australian fintech ventures. The $80 million fund are also looking for opportunities to bring innovation to their own blockchain XEM through their financing of startups. So far, NEM.io have invested in CopyrightBank, a service aiming to protect digital assets based in Melbourne. Full story: http://www.newsbtc.com/2017/11/28/good-news-australia/---- FOLLOW NEM ---- NEM Websites: https://nem.io/https://nemflash.io/Facebook: https://www.facebook.com/ourNEM/Youtube: https://www.youtube.com/channel/UCnsSiqyb0PuQkqT4v8Xjugwhttps://www.youtube.com/channel/UC1rMoMdDtHTXXfRg_iR-QJQTwitter: https://twitter.com/nemofficialhttps://twitter.com/inside_nemhttps://twitter.com/2017LonTelegram: https://t.me/nemredhttps://t.me/nemberiahttps://t.me/newsonnemBCT: https://bitcointalk.org/index.php?topic=654845.0
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Start-ups with designs on making it big in the fast-growing world of blockchain and cryptocurrencies will be targeted by two new funds focusing on the Australian market, with almost $44 million to spend. Apollo Capital, founded by venture capital fund Dominent Venture Partners' Domenic Carosa and Holger Arians and Wall Street veteran Henrik Andersson, is attempting to raise a minimum of $30 million and will specialise in crypto asset investments, which it defines as digital currencies, blockchain-based assets and initial coin offerings. At the same time an $80 million global blockchain development fund, NEM.io Foundation, is expanding to Australia, with its global director of partnerships and strategic alliances, Jason Lee, planning to deploy around $14 million locally. Mr Carosa said as the market continued to mature, he expected to see more funds targeting cryptocurrency and blockchain investments. Full story: http://www.afr.com/technology/vcs-target-australian-blockchain-and-cryptocurrency-firms-with-44m-in-funds-20171120-gzpg9f?btis---- FOLLOW NEM ---- NEM Websites: https://nem.io/https://nemflash.io/Facebook: https://www.facebook.com/ourNEM/Youtube: https://www.youtube.com/channel/UCnsSiqyb0PuQkqT4v8Xjugwhttps://www.youtube.com/channel/UC1rMoMdDtHTXXfRg_iR-QJQTwitter: https://twitter.com/nemofficialhttps://twitter.com/inside_nemhttps://twitter.com/2017LonTelegram: https://t.me/nemredhttps://t.me/nemberiahttps://t.me/newsonnemBCT: https://bitcointalk.org/index.php?topic=654845.0
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Especially in combination with Pundi X (payments). Also a nice project. Great times ahead.
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Maybe you are right. NEM has strong fundamentals, gets adoption and has a strong community.
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