Now venture capitalists also jump into the blockchain

The hottest technology keyword in 2017 is definitely no one else is the 'blockchain' when everyone moves to the distribution book of these decentralized, even if they don't really need it.

But not all are unreasonable. TMT Investments, a venture capital firm (Venture Capital - VC) is on the AIM floor (Alternative Investment Market - a sub-floor of the London Stock Exchange) has just established the TMT Crypto Fund. The $ 60 million fund aims to meet the needs of currency and virtual currency world, supporting start-up based blockchain startups.

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Igor Shofiot, co-founder of TNT Crypto Fund, said: 'We use the traditional VC model, which allows investors to pour capital from around the world and establish Limited Partners, even if it is money. paper or virtual money. '

'Crypto Fund brings many benefits compared to the old model, such as higher liquidity (often you have to wait for IPO or Exit for investment) and transparency for all parties,' Shofiot said.

The biggest difference is what older VC models do not have: openness. 'Africa focuses on providing opportunities for corruption, cost reduction, security .', Shofiot said.

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TMT Investments is not anonymous and unreliable. Based in London and San Francisco, founding partners have built and expanded many companies. A partner, German Kaplun, built RBC, now a major newspaper in Russia.

Now venture capitalists also jump into the blockchain Picture 1
When it can be replaced into real money, venture capital funds with bitcoin are of course indispensable

They also support many startups that you may have heard of. Taxify is the most notable name. As Uber's rivals, they have grown well in the African market and are targeting London and Paris. Other names include Le Tote, DepositPhotos and Amazon S3 BlackBlaze rival.

Establishing the TMT Crypto Fund, they aim for high growth startups in the blockchain sector.

In addition to issuing tokens, TMT also acts as VC when selecting quality investors, meeting investment requirements according to law. Not simply throwing money, they must have a net worth of $ 1 million or earn at least 200,000 in the last 2 years.

TMT Investments is very smart to invest in the blockchain world. Although there are many other errors, there are still many possibilities to transfer both the banking, finance, insurance and key areas to this transparent recording method.

See also: What is Blockchain? Bubble or real revolution after the Internet?