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Japanese Line Creates $10M Token Venture Fund

Published 08/15/2018, 07:54 AM
Updated 08/15/2018, 09:00 AM
 Japanese Line Creates $10M Token Venture Fund

Line Corporation, the parent company of one of the most popular mobile applications in Asia, has established a $10 million fund to focus on investments in cryptocurrency startups, the company said on Wednesday.

The technical giant plans to increase the funding of the investment project in the future depending on the developments in blockchain technology. The main target of the fund, named Unblock Ventures, are newcomers that develop business ideas, based on the cryptocurrency technology, Line explained.

Blockchain, the underlying technology of digital coins like Bitcoin (BTC) or Ethereum (ETH), has widened its usage far beyond cryptocurrencies. Developed as a distributed ledger technology or DLT, it has been integrated into various industries: from sports and agriculture to banking services and elec...


This article appeared first on Cryptovest

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