CoinDCX, one of the leading cryptocurrency exchanges in India, has launched its venture arm that will invest in companies in the Web 3 space. The venture arm has allocated Rs 100 crore for investment in 2 years, its CEO & co-founder Sumit Gupta said on Tuesday.
CoinDCX Ventures has already made investments in the space including a wallet solution, cross chain bridge protocol, Web 3 notification protocol, Web 3 social engine as well as distributed storage and computing protocol, a statement from the company said.