Full-service investment company Genesis Block Ventures (GBV) announces an investment in Clover. Genesis Block Ventures would accelerate the development of the Substrate-based DeFi service platform, to provide global users with the opportunity to enjoy the benefits of low gas price, high speed, and enhanced asset security.
Clover is the foundational layer for cross-chain compatibility that powers Ethereum developers and projects to migrate their contracts onto Polkadot.
Clover succeeds in minimizing the changes required to run existing Solidity smart contracts on the new network. It offers an easy-to-use, one-stop EVM-compatible framework to migrate DeFi applications from Ethereum to Polkadot.
Major innovations of Clover also include gas fee re-distribution, gasless transactions, an identity based fee schedule, and the unique trustless 2-way pegs between Ethereum and Bitcoin. As a result, Clover reinvents feeconomics with a more efficient incentive mechanism.
Since its inception, Clover has established strong partnerships with blockchain industry leaders and renowned venture capital firms. Its existing backers include Polychain Capital, CMS Holding, Alameda Research, Block Dream Fund, Hypersphere, Bithumb Global and Divergence Ventures.
Clover: Perfect Getaway for DeFi
At Genesis Block Ventures, our mission from day one has been to build the future through blockchain technology. We have invested in some of the most prominent blockchain startups, such as OMG Network, Serum, Tidal, Alpha, DAOSquare, among others, making sure that these projects achieve success through strategic partnerships and guidance.
We are also looking forward to Clover’s further expansion with its interoperable blockchain infrastructure. Clover has finalized the development of the Binance Smart Chain-Polkadot two-way cross-chain transfer bridge. It will introduce more assets on public chains including Ethereum, BSC, Avalanche, Fantom, Heco, and others, into the Polkadot ecosystem.
Through the investment, Genesis Block Ventures is excited to participate in Clover’s journey to become the leading non-custodial asset bridge in the blockchain space!
Clover is a powerful smart contract platform that enables Ethereum developers and projects to migrate their contracts onto Polkadot.
By minimizing the changes required to run existing Solidity smart contracts on the new network, Ethereum projects can simply replicate their dApp and deploy it to Clover using MetaMask, Truffle, Remix, and other familiar tools.
About Genesis Block Ventures
Genesis Block Ventures (GBV) is a full-service investment company closely working with Genesis Block HK, Asia’s leading digital asset over-the-counter (OTC) trading center.
As a private investment company with a mission of building the future through blockchain technology, Genesis Block Ventures is an active participant in the DeFi revolution, and has grown a thriving network to form an effective ecosystem for all aspects of blockchain, crypto, and DeFi projects.