Victus Global, a Web3 ecosystem builder and venture capital fund, is investing $1 million in Crust Network. The funding is designed to drive growth and innovation, particularly in decentralized storage, a key area for the future of Web3. The partnership will enable Crust Network to strengthen its solutions and accelerate their adoption at scale.
Upon OpenGov approval, the Web3 Foundation will transfer 10 million DOT to Kusama over a period of at least two years. In doing so, it fulfils the initial promise to transfer 1% of the DOT token genesis. The initiative aims to transform Kusama into an advanced technology hub. It will focus on zero-knowledge (ZK) proof technologies, expanding beyond its initial role as a canary network.