Genezis Network’s vision is to build a network of folks from the crypto market to invest and assistance startups.
As the initially step towards supporting crypto startups in India, two major players in the crypto space of India — Ajeet Khurana and Pareen Lathia — have launched “Genezis Network” – a consortium of crypto professionals to fund startups. They are investing in early-stage crypto startups functioning on complications with use circumstances.
The cryptocurrency market has a market place capitalization of $550 billion. With NYSE’s parent enterprise beginning a cryptocurrency exchange to PayPal adopting Bitcoin to funds like Blackrock contemplating Bitcoin’s possible more than Gold, this technologies and the market are right here to remain.
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 several crypto founders and startups have moved out of India.
Speaking on the launch of the consortium, Ajeet Khurana, a major investor in the startup and crypto currency space in India, stated, “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 biggest 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 build a network of folks from the crypto market to invest and assistance startups. They are inviting startups to apply for funding by way of their web page.