According to Odaily, Rushi Manche, co-founder of Movement Labs, has announced the launch of Nyx Group, which plans to invest up to $100 million in crypto token projects. The initiative will provide liquidity and operational support, including community building, financial management, and compliance guidance, to projects preparing for token launches. Manche previously left Movement Labs amid a controversy over a $66 million MOVE token market-making arrangement.
Movement Labs Co-Founder Launches Nyx Group with $100M Crypto Investment Plan
OdailyShare
Summary
Rushi Manche, co-founder of Movement Labs, has launched Nyx Group, a new firm planning to invest up to $100 million in crypto projects. The firm will support token launch efforts with liquidity, community building, and compliance help. Manche left Movement Labs during a dispute over a $66 million MOVE token market-making deal. The initiative targets early-stage crypto projects preparing for token launch.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.