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Crypto VC Legion Ventures Delivers on NFT Utility
Bucharest, Romania–(Newsfile Corp. – February 2, 2022) – Community-driven venture capital firm Legion Ventures has announced their NFT collection which blends unique art with a leap forward in the realm of NFT utility.
Legion Ventures was founded in March of 2021 with the goal of democratizing access to early-stage venture capital opportunities within the blockchain ecosystem. Since its inception, the team, along with their growing community, have invested in 100+ early-stage crypto startups and have invested more than $6.7m with an average return of 1200%.
The next step for Legion Ventures is its natural evolution from a community-driven VC firm to an NFT-powered investment DAO.
Their NFT collection grants access to future private and seed sale allocations and, notably, a profit-sharing mechanism through the Legion Ventures Crypto Fund.
Every NFT holder will receive a pro rata share of 20% of the profits from their professionally managed crypto fund, whilst 50% of the profits will be distributed back to the fund. Their goal is to create a self-sustaining and perpetually growing source of passive income for all members of their investment DAO.
In addition to this source of passive income, those who acquire allocation in the early-stage investment opportunities will be able to trade their allocations to anyone, whether they hold an NFT or not, through their upcoming automated OTC marketplace.
Anomander, the founder of Legion Ventures, commented on the upcoming launch of the Legion Ventures NFT collection:
“The evolution of Legion Ventures into an investment DAO is a remarkable milestone in the Legion Ventures journey. Our professionally managed crypto fund is on a mission to prove that crypto funds are the best way to deploy capital in the blockchain world, come bull or bear.”
The Legion Ventures community is accessible on Telegram, Discord, and Twitter.
Contact:
Name: Legion Ventures
Email: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/112482
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GC congratulates NatureWorks and Krungthai Bank on closing a significant financing deal for NatureWorks’ Ingeo PLA Manufacturing Expansion worth 12.6 billion baht, Supporting Thailand’s Ambitious Bio-Circular-Green (BCG) Strategy
BANGKOK, May 17, 2024 /PRNewswire/ — Mr. Narongsak Jivakanun (Second from left), CEO of PTT Global Chemical Public Company Limited (GC) presided over the signing ceremony and extended his congratulations to Krungthai Bank and NatureWorks – a joint venture of GC and a leading manufacturer of polylactic acid (PLA) biopolymers made from renewable resources. This is the historic financial support from Krungthai Bank PCL, Thailand’s third largest bank, to optimize the capital structure for the new fully-integrated Ingeo™️ PLA manufacturing facility in Thailand. The financing amounting to $350M USD (12,600M Baht Equivalent), is one of the singular largest loans in the bank’s decades-long history to supporting loans for Green Field project in the Green/Bio businesses. It reinforces GC’s core mission of operating sustainable business practices aligned with the Bio-Circular-Green Economy (BCG) Model for Thailand’s sustainable development.
The funding will not only support the construction of the plant and its ongoing operations but also enables NatureWorks to be competitive in the biomaterials market, pioneering new frontiers for bioplastic applications and advancing biobased solutions with sufficient capacity to capture packaging and fiber customers across the Asia-Pacific region and the rapidly growing global market.
The NatureWorks plant, currently under construction, is the first bio-complex in Thailand, established in line with the government’s BCG economic development strategy, located in Nakhon Sawan province. The project is progressing according to plan, with full-scale production expected to commence in 2025. The plant will have a PLA production capacity of 75,000 tons per year under the Ingeo™️ brand, using locally sourced sugarcane as the primary raw material from local farmers.
For more details, please visit https://www.pttgcgroup.com/en/newsroom/news/1359/
Photo – https://mma.prnewswire.com/media/2415664/Picture_of_Signing_Ceremony.jpg
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