ICO Meets VC: Blockstack Raises $25 Million for Decentralized Internet Fund

in #news • 7 years ago

While initial coin offerings (ICOs) have fast become the breakout method for blockchain fundraising, at least one industry startup thinks there's still a place for traditional venture capital in this new economic movement.

New York-based Blockstack is launching a $25 million venture capital fund aimed at jumpstarting a new, decentralized version of the internet. But more notable than the money, is who's allocating it. Unlike the many ICOs that are raising funds through retail investors, the Blockstack Signature Fund will only distribute money from active venture capitalists.

BitConnect @ https://bitconnect.co/?ref=reneelove
Control-Finance @ http://bit.ly/cfsteemit
SteemFowller@ https://steemfollower.com/?r=1464

#ico #trevonjb #craig-grant
7 years ago in #news by
$0.00
    2 votes
    Reply 0

    Coin Marketplace

    STEEM 0.17
    TRX 0.13
    JST 0.027
    BTC 58470.94
    ETH 2653.59
    USDT 1.00
    SBD 2.43