Some venture capitalists are joining up for the age of blockchain innovation. One venture capitalist group has already caught on to the trend as being part of its confidence in the future of digital payments.
Last Tuesday a report in the DCE Brief revealed that since launching in 2012, a large investment of $52 million has already been provided by Boost VC to blockchain startups. According to the report, these investment funds have been attributed to 52 different startups.
Startup accelerator and business Incubator
Boost VC, is a California-based small business incubator and a new age startup accelerator. Since 2012, the incubator has been dedicated to supporting entrepreneurs using emerging technologies to give life to innovative projects. Boost VC have built a community of entrepreneurs, mentors, investors and thought leaders around Digital Reality and Bitcoin to help the industry growth.
The company provides funding, housing and office space to allow new startups to dedicate 100% on their projects. Boost VC believes the most disruptive sectors are Bitcoin and Digital Reality. That’s why it is extremely committed to empower the development of companies who will build the future for these industries and tomorrow’s business models.
Blockchain is going mainstream
During this year, several of the most revered financial institutions announced their interest in supporting innovation and researching this new technology. Last week alone, 13 major banks such as Citi Bank or Bank of America joined a group of institutions supporting initiatives to explore the blockchain technology.
The blockchain technology has become the newest hype in payments innovation to Banks and fintech investors, as they believe it could streamline B2B cross-border payments. As more and more companies and other institutions start to study and research the blockchain technology seems to be going mainstream.
As a result of all this investment, a new breed of startups is pushing this new industry to the limits and is quickly harnessing a trend of new development and innovation while making it more accessible to an increasingly larger audience.