Published On: Wed, Aug 16th, 2017

Blockstack Partners with VCs to Launch $25 Million Blockstack Signature Fund

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New York-based decentralized internet and developer platform Blockstack has partnered with a number of venture capital groups to launch the $25 million Blockstack Signature fund.The Blockstack Signature fund is backed by Lux, OpenOcean, VersionOne, RisingTide, and Compound, and funding will go toward apps being built in the Blockstack ecosystem. Patrick Stanley, growth partner at Blockstack, explained to Bitcoin Magazine that “Blockstack is not launching the VC fund but facilitating.” That is, the company’s role in the fund has been to gather the venture capital groups, attract the developers and facilitate the partnerships that will result in …

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