Core Foundation Launches Venture Network, a community of over 50 venture capitalists and investors supporting the development of Core Chain.
Core Foundation unveils the Core Venture Network (CVN), comprising a community of 50 venture capitalists and other investors dedicated to offering resources, funding, and strategic counsel for dApp development on Core Chain, the blockchain secured by Bitcoin and EVM-compatible (Ethereum Virtual Machine). Alongside its launch, the Core Venture Network announces $15M in regional ecosystem funds. Notable members of the Core Venture Network include Foresight Ventures, Marin Digital Ventures, Brinc VC, Mexc Ventures, CoinSwitch, and others.
By joining the Core Venture Network, VCs may earn access to pre-seed and pre-token opportunities on some of the most promising projects being built on Core Chain. Core Venture Network members may also have access to co-marketing opportunities and exclusive Core-centric events such as game jams, hackathons, and exclusive partner events, as well as being included in the Core DAO Alliance as leader panelists.
The Core Venture Network will provide builders with the tools and capital to develop innovative and groundbreaking dApps. In addition to funding, venture partners may offer mentorship programs to founders of projects building on Core Chain. The Core Venture Network is designed to embrace tailored entrepreneurial coaching, striving to position projects for well-rounded and sustainable success. Mentoring will involve everything from helping founders develop solid foundations to facilitating introductions to strategic partners. Additionally, the $200M Ecosystem Fund, launched in partnership with Bitget and MEXC, will be leveraged for co-investment in promising projects built on Core Chain.
In addition to its launch, the Core Venture Network is announcing the deployment of region-specific investment funds of $15M specific to projects based in Latin America, Southeast Asia, and Africa, starting with the $5 million Core Africa Innovation Fund deployed on January 22.
The Core Venture Network is focused on regions that most benefit from Core Chain development, such as Africa, South East Asia, and Latin America. Focusing on Africa’s emerging, tech-savvy Web3 community addresses long-standing barriers to private and foreign investments, offering essential financial, operational, and advisory support for the region’s builders on Core Chain. In South East Asia, the Core Venture Network can leverage the area’s high internet usage to engage a community of digital natives in Web3’s growth. Additionally, the focus on Latin America supports innovators using blockchain technology to combat regional inflation challenges.
About Core Chain Core is a Bitcoin-powered blockchain unlocking EMV-Compatible BTCfi beginning with the first ever implementation of Non-Custodial BTC Staking and the world’s first yield bearing BTC ETP. Core is the most Bitcoin-aligned EVM blockchain with ~55% of Bitcoin mining hash power contributing to the network’s security and over 4,700 BTC natively staked in exchange for unlocking Bitcoin utility and rewards. This breakthrough has amassed millions of Core adopters - over 19M unique addresses and 260M transactions since its mainnet launch in January 2023.
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