NEM Foundation Launches Blockchain Hub in Melbourne


Melbourne is now home to a new blockchain hub where NEM representatives will provide support to members of the public on blockchain technology and cryptocurrency.

The hub will host educational programs and blockchain events, and it will also serve as a business incubator and support centre for NEM-based blockchain startups. Having benefited from local support through partnerships in Australia and New Zealand such as TravelbyBit, Australia holds bright prospects for the NEM Foundation.

NEM’s Growth in Pacific Region

Launched in 2015, New Economy Movement (NEM) is a platform that brings new features to the blockchain system. The platform’s currency, XEM has increased in value since being picked up by commercial blockchain, Mijin. NEM now seeks to help unlock the benefits of blockchain technology through grants and other contributions.

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