- Qtum Chain Basis is launching a enterprise capital group
- The VC group shall be taking a blockchain-agnostic method
- Qtum is a Proof-of-Stake blockchain platform for good contracts that mixes properties of each Bitcoin and Ethereum
Qtum Chain Basis is launching a VC group
The Qtum Chain Basis is launching its personal enterprise capital group primarily based in Stockholm, Sweden. The VC group will begin with an preliminary pledge of $10 million and shall be seeking to spend money on completely different areas associated to cryptocurrency and blockchain expertise. A few of the predominant areas the venture is focusing on are decentralized finance, non-fungible tokens (NFTs), layer 2 applied sciences and inexperienced blockchain options. The VC group shall be seeking to spend money on initiatives at an early stage (seed investments), and also will present help by strategic recommendation to assist them develop and succeed.
In keeping with Antonio Saaranen, who’s the director of the newly launched enterprise capital group, says that they are going to adopting a blockchain-agnostic method – in different phrases, they received’t simply be backing Qtum-based initiatives, however shall be on the lookout for alternatives on different blockchain platforms as effectively.
“We may have a blockchain agnostic method on this fund and are prepared to work with any initiatives that want to contribute to the blockchain ecosystem as an entire. With this enterprise capital group, Qtum can benefit from our staff’s deep expertise in blockchain and, on the similar time, assist aspiring initiatives hit the bottom operating and are available to the market.”
Qtum is a blockchain venture that mixes features of each Bitcoin and Ethereum to try to ship an optimum mixture between safety and adaptability. Qtum makes use of Proof-of-Stake consensus and leverages the UTXO mannequin launched by Bitcoin.
Nonetheless, it additionally helps the EVM and X86 VM digital machines, which permits it to help good contracts and consequently common blockchain use-cases like DeFi and NFTs. Final yr, the venture reached a significant milestone by introducing help for offline staking. For extra details about what the venture has in retailer, you’ll be able to take a look at this weblog submit that gives an in depth overview of Qtum’s 2021 roadmap.
Qtum’s native token QTUM has been a mainstay within the cryptocurrency prime 100, and the token has been using the optimistic cryptocurrency market sentiment in 2021. Since January 1, QTUM is up by round 571%.