Venture capitalist Peter Thiel has purportedly invested in digital currency investment platform Layer1.
San Francisco-based Layer1 has concluded a $2.1 million seed funding round backed by such industry players as Thiel, crypto-focused venture capital company Digital Currency Group, and American investor and Protégé Partners founder Jeffrey Tarrant, among others.
The company reportedly aims to direct the raised funds to the further development of programmable money and store-of-value applications. Per Layer1 co-founder Alexander Liegl, cryptocurrencies provide an “unprecedented opportunity” for companies to add value, which is “fundamentally different” from the possibilities offered by traditional assets.
Earlier this week, Cointelegraph reported about the launch of Tagomi Holdings Inc., an electronic brokerage startup backed by Thiel’s venture capital firm Founders Fund. Tagomi reportedly aims to ease the operational challenges related to trading digital assets. The company caters to clients that “require institutional operational standards.”
In July, EOS developer Block.one secured investments Peter Thiel and cryptocurrency mining hardware billionaire Jihan Wu of Bitmain. Block.one is the creator of the EOSIO software, a blockchain protocol that aims to support decentralized apps (DApps) on an industrial scale.
Also in July, the Wall Street Journal reported that Founders Fund invested “millions of dollars” in Bitcoin (BTC), citing sources familiar with the matter. The firm purportedly bought between $15 and $20 million worth of BTC.
Earlier this week, global blockchain platform Waves raised $120 million in a private funding round for its new blockchain project called Vostok, which focuses on the deployment of Waves technologies for commercial and government IT systems. The private funding round was led by London-based financial services firm Dolfin.
Source: , CoinTelegraph
Articles listed with Cash Tech News as the author are either general information, or may have been imported from another website, to bring our readers a rich media experience that encompasses articles that we find interesting, as well as those curated by others.
The views and opinions expressed here are for informational purposes only, and should not be confused with professional financial advice. These opinions are solely those of the author and do not necessarily reflect the views of CashTechNews.com. Every investment and trade involves risk. You should conduct your own research, and contact your professional financial advisor before making any investment.
Corrections, feedback, and ideas should be submitted through the website contact form.