Seoul Mayor Announces $88.2M USD Blockchain Fund

Blockchain, News | October 5, 2018 By:

Park Won-Soon, the mayor of South Korea’s capital Seoul, has unveiled a five-year plan to promote blockchain industries.

The initiative, dubbed “Blockchain City of Seoul,” includes startup funds and the creation of business complexes. Speaking in Zug, Switzerland on Thursday, Park said that the city plans to create a 100 billion won ($88.2M USD) public-private fund to invest in blockchain startups by 2022.


Huobi Labs To Launch $1B Blockchain Fund

News | May 2, 2018 By:

Huobi Labs, Chinese crypto exchange Huobi’s blockchain incubator, has teamed with Tianya Community to set up a $1 billion global blockchain fund.

Huobi Labs provides blockchain startups services such as designing a business model, tutoring for high-quality project teams, and helping startup projects sort out strategic plans.