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Qtum Chain Foundation Pledges $10M Towards VC Group Launch

Published 05/06/2021, 10:00 AM
Qtum Chain Foundation Pledges $10M Towards VC Group Launch

  • Qtum Chain Foundation is launching a venture capital group based in Sweden.
  • So far Qtum has pledged $10 million towards the group, Qtum VC.
  • Qtum VC will focus on supporting promising emerging blockchain projects.

Qtum Chain Foundation is launching a venture capital (VC) group that will support emerging blockchain projects. The Swedish blockchain has so far pledged $10 million towards the VC group.

“Our initial pledge for the fund will be $10M, and we’re open to partnering up with similar entities in the crypto space. We will have a blockchain agnostic approach in this fund and are willing to work with any project that wishes to contribute to the blockchain ecosystem as a whole”, says Group Director Antonio Saaranen.

In fact, the group, which will be based in Qtum’s Stockholm offices, will provide strategic support and funding for promising blockchain projects. Qtum currently supports a robust network of DApps, smart contracts, DeFi

This article was first published on coinquora.com

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