Crypto Funding Consortium Genezis Network Launched

 

As the first step towards supporting crypto startups in India, two leading players in the vibrant crypto space of India,  Ajeet Khurana and Pareen Lathia, has launched “Genezis Network” - a consortium of crypto experts to fund startups. They are investing in early-stage crypto startups working on problems with use cases.

 

 

The cryptocurrency industry has a market capitalization of $550 billion. With NYSE’s parent company starting a cryptocurrency exchange to PayPal adopting Bitcoin to funds like Blackrock considering Bitcoin’s potential over Gold, this technology and the industry are here to stay.

 

 

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 many crypto founders and startups have moved out of India.

 

 

Pareen, AVP-Marketing at India’s largest 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 create a network of individuals from the crypto industry to invest and support startups. They are inviting startups to apply for funding via their website.

 

 

National, 26^th November, 2020