Aave’s newly formed corporate venturing unit will fund digital asset technologies and other blockchain-related ideas ranging from payment services to games.
Switzerland-based blockchain application developer Aave has formed a corporate venturing subsidiary known as Aave Venture to fund emerging digital asset technologies and other blockchain-related businesses.
Aave was formed in 2017 when peer-to-peer financial marketplace ETH Lend rebranded and pivoted to develop additional blockchain-powered products ranging from payment services to games.
The unit will harness external innovation to drive new product ideas, backing startups with funding and providing advice to help them prepare for opportunities such as initial coin offerings.
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