New York City Doubles Down on Crypto With Blockchain Center

This is a great article I read on Bloomberg today.

1 ) There is A LOT of investment money looking for a home in crypto IF you know where to look.

From the article, "The New York City Economic Development Corporation said its Blockchain Center in Manhattan will open Thursday a part of a partnership with affiliates of venture-capital fund Future\Perfect Ventures and the Global Blockchain Business Council, a trade organization."

2 ) Steemit was not the only crypto based company to miss the golden egg that the markets gave them last year.

From the article, "The center is opening at a difficult time for the industry. After digital coin prices tumbled last year by as much 90 percent, many startups working on the technology have been forced to lay off staff or even shut down as funding dried up."

3 ) If I had a larger stake I would go incorporate, get some employees and get financing. Most people only think of venture capital for financing but Governments LOVE job creators that are growing. There are many options for fund raising if you have a large enough stake to have influence on the block chain.

From the article, "Last year, New York’s blockchain startups received more than $500 million in venture capital funding, up 500 percent from 2017, according to the EDC. Several of the largest blockchain employers in the world -– including IBM, R3 and Coinbase Inc. -– are rapidly growing in the city. Last year, New Yorkers had seen more than 2,200 blockchain-related job postings, up 80 percent from the year earlier, the agency said."

Best Regards,
Dreamryder007