Polkadot wins again. This time it is Dubai based venture company that plans on investing into the Polkadot. FD7 ventures is the company that plans on liquidating it's BTC in order to invest into Polkadot.
Polkadot's flexible bridge like interoperability and scaling feature makes it instantly the candidate for any financial company to invest it's effort in it. FD7 has plans to make use of both Cardano and Polkadot for their future projects. So they plan on investing more as required by market demand.
Who is FD7 Ventures?
FD7 ventures is a dubai based investment fund company. The company has already invested into the assets like BTC and few other coins before. Company has more than 1 billion under it's crypto portfolio management. And now they have decided to liquidate their BTC funds to invest into the Cardano and Polkadot.
FD7 plans on investing upto 1-5M each year in the projects that are built on the top of the Cardano (ADA) and Polkadot ecosystem. This will make the Polkadot ecosystem attractive to many financial institutions, DEFi and funds in the Asian diaspora.
Sold 750M$ worth of BTC?
FD7 made one strong move. They bid against the BTC being the leader and invested in infrastructure chains. This is a logical move. It's like instead of buying the land. They invested into the infrastructure that helps develop lands. Only difference the context here is not land but the crypto and the infrastructure blockchains like Cardano and Polkadot.
Development office In India?
FD7 venture has also decided to open up development office in Bangalore, India. Considering India already has ban in a place for the cryptocurrency, people are wondering why develop the blockchain projects in India? Though India has banned the cryptocurrency there is going to be legal regulation and also country has plans for their own national currency on blockchain. Which is obvious for every country on the world map. This is reasonable considering a lot of anonymous blockchains have most of it's holdings from the 1% rich and the mafia who wish to overthrow regulations and national govts in the world. So regulations and bans from that context look necessity. And considering the developers in India are already in active development on many blockchains, so the investment in development office In India sounds strategically reasonable.
What this means for Polkadot?
Companies that invest into the Polkadot ecosystem will only make this infrastructure blockchain even more stronger. And the early adopter who have invested into the Polkadot would definitely benefit from it's investment in near future.
Future is indeed bright for Polkadot.