Venture capital company EchoVC launched a pilot blockchain seed fund of US $8 million

It is reported that the venture capital company EchoVC announced the launch of the pilot blockchain seed fund “EchoVC Chain” of US $8 million. The new fund will focus on the basic financial technology infrastructure, including the infrastructure for optimizing payment, liquidity and fund management using stable currency, the splitting and delivery of Layer 2, DeFi, NFT, and encryption/financial technology construction “primitives”. In addition, it will explore other emerging blockchain fields, such as digital identity, privacy Decentralized infrastructure edge nodes, agile supply chain, and interaction between AI/ML and DAO.

Interpretation of this information:

EchoVC, a venture capital company, has recently announced the launch of a new pilot blockchain seed fund named “EchoVC Chain” with a capital of $8 million. This seed fund will be focusing on the development of basic financial technology infrastructure, including the optimization of payment methods, liquidity, and fund management through the use of stable currency. It also aims to enhance the splitting and delivery of Layer 2, DeFi, NFT, and encryption technologies while exploring other emerging blockchain fields such as digital identity, privacy, decentralized infrastructure edge nodes, agile supply chain, and interaction between AI/ML and DAO.

The focus on developing financial technology infrastructure is not surprising, given that one of the main advantages of blockchain is its ability to offer secure and transparent financial transactions with low latency and high- efficiency. With the current global economy, the optimization of payment systems, liquidity, and flexibility in fund management are critical. Using stable currency, blockchain can significantly improve the financial industry’s transparency, security, and accessibility, making it an attractive investment avenue for venture capitalists.

The splitting and delivery of Layer 2, DeFi, and NFTs are also crucial given the increased demand and interest in the DeFi space. As the use of DeFi and NFTs continues to grow, the demand for better infrastructure will increase given the issues like high transaction fees, delays, and lack of scalability. Thus, the development of these technologies will be of significant benefit to the blockchain industry.

Finally, EchoVC Chain’s investment in emerging blockchain fields including digital identity, privacy, decentralized infrastructure edge nodes, agile supply chain, and interaction between AI/ML, and DAO is an excellent example of how blockchain is expanding beyond traditional finance. Each field has a significant impact on blockchain, and investment in these areas can build trust between individuals and businesses in the blockchain industry.

In summary, the three essential keywords of the EchoVC Chain pilot seed fund include Financial technology infrastructure, DeFi, and Emerging blockchain fields. With the coming decade predicted to be the decade of blockchain, it’s only a matter of time before we see more venture capitalists exploring this space.