BitFlyer, a Japanese digital currency exchange, has announced the formation of an investment fund that will focus on backing domestic and international blockchain-related startups. The fund has been name the Blockchain Angel Fund, and it the first of its kind in Japan.
The Blockchain Angel Fund will be stocked-up with ¥50,000,000, which translates to approximately $421,000. According to the press release, Savira Inc., is the first company to receive seed funding from the Angel Fund.
The Osaka-based Savira, co-founded by Fuji Takashi, Hiro Shinohara and Ryugo Toshihiko, is currently developing a blockchain platform (Hublive) that will allow users to connect to their favorite mobile apps. The company is also working on SoulGem, an iOS app that will users to confirm their relationship statuses on the the bitcoin blockchain.
“If users make a new relationship, SoulGem will send Bitcoin each other to prove their relationship on blockchain.“
BitFlyer raised in excess of $1 million in funding last year from Barry Silbert’s Digital Currency Group and several other prominent venture capitalists.
If you liked this article follow us on twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.
The team behind Starknet has introduced a new token standard aimed at solving one of…
In a move that highlights the growing race to build infrastructure for autonomous artificial intelligence,…
Prediction market platform Polymarket has entered a new partnership with Palantir Technologies and artificial intelligence…
The Ethereum Foundation has begun staking part of its treasury, marking a significant step in…
Fresh reports circulating in the crypto space suggest that Wei Jiequan, better known as Wilson…
The infrastructure powering autonomous AI agents on Ethereum is slowly coming together. Payments, trust layers,…