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|Next100 Blockchain has invested in the Antex.org and VNDT.com ecosystems, with AntLaunch coordinating project evaluation|
Through an exclusive eight-way due diligence approach, Next100 Blockchain intends to become an essential reputational indicator to help the crypto investing community as up to 80 per cent of blockchain projects with crowdfunding have been classified as fraud.
“The distinguishing features of Next100 Blockchain are the comprehensive evaluation system and stamp affirming the capacity and legitimacy of the project team. Further to that, the investor enables communications to engage blockchain startups and the crypto investment community and other reputable funds around the world, forming a launching pad for strong startups to reach out to the global crypto market,” said Shark Hoa Binh Nguyen, founder and chairman of the venture.
Next100 Blockchain is a specialised investment fund for blockchain technology startups in Vietnam and around the world, with an initial volume of $50 million and three investment models: equity contribution, and first-round token purchase. Furthermore, experienced individuals in the field of blockchain can seek for support to nurture startups in the cradle of the NextTech Group's Ecosystem through the incubation model (Venture Build). Blockchain Startups that get funded by Next100 Blockchain will have access to the broad blockchain community through the AntLaunch platform of the Antex.org ecosystem and the stable coin VNDT.com.
Blockchain technology is progressively becoming a major global technological trend, and the crypto investment fever that burst during the COVID-19 outbreak has turned it into a substantial financial investment channel. According to research published by CB Insight, global blockchain startups raised $4.38 billion in the second quarter of 2021, an exponential rise of more than 50 per cent over the previous quarter and nearly nine times the amount raised in the same period last year. Notwithstanding the pandemic's difficult dynamics, the number and total value of community investments in blockchain enterprises in Vietnam have surged significantly over the last two years.
Cyber attackers, on the other hand, are always taking advantage of the growth of disruptive technologies. According to a research study by Satis Group, up to 80 per cent of blockchain projects that obtained funding through crowdfunding in 2017 were frauds, that is, the project team exploited investors' greed in order to obtain funds, but simply did not follow through on their commitments, and vanished with all the money.
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