An early-stage venture capital firm, Krypton Capital, has decided to invest in IOTW, an IoT-centric blockchain venture by AnApp Technologies.
Krypton Capital, a specialist seed-stage venture firm founded by Ilan Tzorya, is a primary investor in blockchain startups with extensive experience in several other sectors, including software and media. Since the company’s inception last year, Krypton Capital has already invested in and helped develop a number of prospering crypto businesses including CoinAdmin and TokenBackers.
The agreement with AnApp involves Krypton Capital purchasing a pre-designated amount of IOTW - AnApp’s new ‘micro-mineable’ IoT cryptocurrency that has already attracted a lot of attention from the wider crypto community because of its revolutionary Proof-of-Assignment consensus mechanism. The IOTW micro-mining protocol is a highly energy-efficient algorithm that uses a fraction of the computational power needed to run the more prevalent Proof-of-Wor...
This article appeared first on Cryptovest
