Union Square Wanders to Contribute in Crypto and Blockchain Long-Term Without Devoted Fund

Union Square Wanders to Contribute in Crypto and Blockchain Long-Term Without Devoted Fund
фото показано с : bitcoints.com

2018-6-30 08:32

Union Square Ventures (USV), a private equity and venture capital firm, has plans to invest in blockchain and cryptocurrencies over the course of the next 10 years, CNBC reports June 29.
Speaking about initial coin offerings (ICOs), Wenger called them an “innovative new financing mechanism,” though he said they are not suitable for every blockchain project.
Wenger asserted that the amount investors have raised in an ICO is not necessarily an accurate indicator of success.
USV’s portfolio exceeds 100 companies, containing a number of crypto investments, which include digital currency exchange Coinbase and Ethereum-based virtual collective game CryptoKitties.
It would reportedly allow startups to carry out token sales without observing formalities such as business reviews and financial reports.

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blockchain union square wenger called offerings speaking

Источник: bitcoints.com

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Crypto Hedge Fund Multicoin Valued at $75m After Fred Wilson’s VC Investment

Despite the recent decline of the cryptocurrency market, the promise of huge profits continues to lure investors to funnel some of their funds into these digital coins. Recently, the New York-based venture capital firm Union Square Ventures (USV) officially announced its investment in Multicoin Capital, which is a cryptocurrency hedge fund startup.

2018-6-22 21:43


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