OpenLedger Raises $1.6M in Seed Funding

Announcements, Blockchain, FinTech, Innovation | June 16, 2017 By:

Denmark decentralized financial crypto-platform OpenLedger has raised $1.6m USD in seed funding from a group of Chinese, American, and European investors.

OpenLedger is a cryptocurrency platform that is based on BitShares technology. It hosts a number of blockchain-based companies and their tokens on its OpenLedger Decentralized Conglomerate (DC), a blockchain-powered ecosystem that includes the OpenLedger DEX as well as crowdfunding (ITO/ICO) services.

The funding will be used to start immediate production of the four major projects managed by OpenLedger, including, a blockchain-based freelancing platform; GetGame, a platform based on game-related ideas with a focus on virtual and artificial reality and any blockchain based creations that can demonstrate success; Apptrade, a platform that creates portfolios or groups of apps powered by the digital token APPX; and OCASH, a new BitShares token which is currently held by early backers.

OpenLedger said the funding will be equally spread among the four projects. ITOs for three of these – (EDEV, JOYY), GetGame (REALITY), and OCASH – will be announced in the coming months. The funds raised will be invested into the development and marketing of each project individually, while simultaneously allowing investors to participate.

The company will announce three individual sharedrop snapshots for OBITS holders who hold tokens related to, Getgame and OCASH by the end of this month.