Qtum Chain Foundation Announces Formation of VC Group

06 May, 2021 Updated 06 May, 2021

By Achal Arya

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Achal Arya is a digital product designer and an entrepreneur. He did his masters degree in design from IIT Hyderabad and has a bachelors degree in Computer Science. He works in the Web3 domain and manages new developments at CoinGape. Follow him on X at @arya_achal or reach him at achal[at]coingape.com.

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Blockchain platform Qtum Chain Foundation announces today’s creation of a venture capital group based in its Stockholm, Sweden office. The Qtum VC group will provide strategic advice and early round seed investment for promising blockchain projects.

Director of the group, Antonio Saaranen, commented:

Our initial pledge for the fund will be $10M, and we’re open to partnering up with similar entities in the crypto space. We will have a blockchain agnostic approach in this fund and are willing to work with any projects that wish to contribute to the blockchain ecosystem as a whole. With this venture capital group, Qtum can take advantage of our team’s deep experience in blockchain and, at the same time, help aspiring projects hit the ground running and come to the market.

The focus areas for the group will be emerging projects developing blockchain ecosystem infrastructure in diverse areas including, but not limited to, non-fungible, green-blockchain, decentralized finance, layer 0 and layer 2.

Interested parties seeking funding or wanting to partner should contact Qtum VC at [email protected].

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About QTUM

Qtum (pronounced Quantum) is an open, permissionless blockchain and ecosystem that combines security-aspects from the Bitcoin-protocol together with the “programmability” of Ethereum. Which enables well-known security properties from the UTXO-set from Bitcoin. Also enabling the possibility of building robust decentralized applications, smart contracts, DeFi-products, and Non-Fungible Tokens (NFT). Instead of using the energy-intense Proof-of-Work (PoW), Qtum uses Proof-of-Stake (PoS) to secure its blockchain and is seen as a more sustainable option for the future. (For example, Ethereum is now migrating from PoW to PoS). For more information, please visit: www.qtum.org

CONTACT:

Antonio Saaranen

Head of BD & Investments

Qtum Chain Foundation

[email protected]

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.