Nucleus vision is backed by Tim draper(one of the earliest investors of Bitcoin), we all know that. But if you go through the official website of nucleus vision(https://nucleus.vision/), you will notice that it is also backed by Reliance Capital(One of the subsidiaries of Reliance Industries). I am not sure if people outside of India are aware, how huge Reliance Group really is.
Anmol Ambani is the CEO of Reliance capital, he is a very young guy and I am not really sure about his credentials but his father is Anil Ambani who is one of the richest person in India and his uncle Mukesh Ambani is the richest person in India and at moment among Top 25 richest persons in the world.
The Ambani's have huge influence on the political scene in India. Since the govt backs anything and everything coming from the Ambani's, its definitely a good sign for the crypto market here in India. I am not really sure why nobody is talking about this connect. and no mainstream media in India is covering this story. Once the news is out in the public it will be huge.
From bureaucratical point of view Nucleus Vision project is really solid. In my next post I will talk about its tech and what problem it tries to solve.
Some references for the claims I made.
https://www.businessinsider.in/Meet-the-worlds-50-richest-billionaires-in-2017/21-Mukesh-Ambani/slideshow/61874796.cms
https://en.wikipedia.org/wiki/Reliance_Industries