The NEM Foundation Just Launched A New Blockchain Hub In Melbourne, Australia

The NEM Foundation, known as the foundation that stands behind the altcoin XEM (NEM), is now in the latest crypto news for launching their new blockchain hub where the representatives will provide support to members of the public on the topics related to blockchain technology and cryptocurrency.

The hub will also host educational programs, blockchain events, as well as be a potential business incubator and support center for the NEM-based blockchain startups. Right now, Australia seems prosperous for such partnerships mostly because of the local support – which is why the NEM representatives decided to make this bold move.
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Also known as New Economy Movement (NEM), the company launched in 2015 with a platform that brings a lot of new features to the blockchain system – and their altcoin XEM has increased in value since it was picked up by the commercial blockchain named Mijin. Right now, NEM seeks to help and unlock the benefits of blockchain technology through grants and other contributions.

One startup and a support program that was launched in 2016, named LaunchVic, also expressed their confidence and optimism at the possibilities that are created by the new hub launched by the NEM Foundation. As the CEO of Launchvik, Kate Cornick, stated in wake of the new announcement:

“Blockchain is a fast-growing and evolving technology, and LaunchVic is pleased to welcome NEM.io Foundation to the Victorian Innovation Hub. This is set to become a multi-sector co-working facility that celebrates collaboration and innovation for more than 360 of Australia’s top startups, accelerators and incubators.”

Under the new announcement, there are two planned facilities – the NEM Blockchain Hub and the Blockchain Centre which will be working in line to provide knowledge and inspiration for experts in this field.