NGC Ventures Contributes to $200 Million Algo VC Fund

Algo VC fund invests in category-leading businesses that are building on the Algorand blockchain technology platform   Singapore — Algo Capital, the financial institution focused on accelerating access, adoption and liquidity of the Algorand blockchain, today announced the closing of its Algo VC Fund at $200 million. The fund will invest in category-leading businesses that are building on the Algorand technology platform. It is backed by a collection of experienced financial and blockchain industry investors, including NGC Ventures, Eterna Capital, GSR.io, Cognitive Blockchain, Rokk3r Labs, 11-11 Ventures, DG Ventures, Winslow…

Read More

Tesla has a secret Lithium-ion battery lab

According to a recent CNBC article,Tesla has a secret lab trying to build its own battery cells to reduce dependence on Panasonic   Tesla is developing the means to manufacture its own battery cells The main cost component of an EV is its battery pack and battery cells, according to research by IHS Markit. Since 2014, Tesla has mostly relied on its partner Panasonic to produce battery cells for its vehicles and clean energy products.   At the company’s annual shareholder meeting in June, Elon Musk encouraged outside investors to…

Read More