Lisbon 2024: CV Pad taps into ETH ETFs for EVM growth

On September 10, 2024, in Lisbon, Portugal, CV Pad announced its strategy to leverage the growing popularity of ETH ETFs to attract investors for EVM-based Web3 projects. The Ethereum Virtual Machine has become a preferred platform for developing decentralized finance (DeFi), non-fungible tokens (NFTs), and decentralized autonomous organizations (DAOs) due to its strong developer community and advanced features. The approval of ETH ETFs in the US on May 23, 2024, and their subsequent trading launch on July 23, 2024, have significantly simplified Ethereum investments, leading to a surge in institutional interest. The trading volumes of ETH ETFs have increased five-fold within a few months, creating a positive feedback loop that encourages more projects to build on Ethereum. This influx of investment not only supports existing projects but also fosters innovation within the EVM ecosystem. CV Pad aims to capitalize on this synergy by connecting institutional investors with promising startups in the blockchain space. Danny Rowshandel, a partner at CV Pad, emphasized the mutual benefits of ETH ETFs and EVM projects, noting that the former simplifies access to cryptocurrency while the latter presents lucrative investment opportunities. CV Pad's network, which includes connections from DuckDAO, CV VC, and CV Labs, enhances its ability to support and launch new projects effectively. The combination of ETH ETFs' popularity and the rise of EVM projects has created a vibrant environment for Web3 startups, positioning CV Pad as a key player in the blockchain launchpad landscape. Startups interested in joining this ecosystem can apply through CV Pad, which offers a wealth of experience in both Web3 and traditional venture capital.