BitFlyer Launches Japan's First Bitcoin Crowdfunding Platform
fundFlyer homepage. Japanese bitcoin market bitFlyer has added a bitcoin crowdfunding platform called 'fundFlyer' to its feature list, launching the first service of its type in the country. The system works in a fashion similar to more established crowdfunding services like Kickstarter and Japan's own Shooting Star, but is taking a significant step towards mainstreaming bitcoin use in its home country with at least one high-profile user. The fundFlyer website lists "the arts, product and software development, events, disaster prevention and political activity" as projects with bitcoin....
Related News
A former Goldman Sachs employee has raised $1.6m in funding to power a new Japan-based bitcoin exchange, according to Bloomberg Businessweek. Called bitFlyer, the exchange aspires to recapture the market position vacated by Mt. Gox, the Japan-based exchange that was once the ecosystem's largest trading platform. BitFlyer is seeking additional capital from overseas VCs and hopes to launch in markets outside of Japan before 2015, the report says. The exchange is the brainchild of 38-year-old former derivatives and convertible bonds trader Yuzo Kano, who left his job at Goldman Sachs in....
Japanese exchange Bitflyer has announced a 50 million Yen investment into a new fund which will see Osaka-based IoT startup Sivira as the first company to benefit from the fund. According to the exchange, this is in an effort to support and encourage the growth of blockchain businesses in Japan. Bitflyer has termed this new investment activity, “Block Chain Angel Fund.” Even though this is Bitflyer’s first investment of this type, it sounds as though it will not be their last. In its press release, Bitflyer states that it chose to make the investment in Sivira because of the track record....
At the end of 2013, Yuzo Kano, a former Goldman Sachs employee, left his job as a derivatives trader with the goal of setting up his own bitcoin related company. In June last year, he announced that the company - BitFlyer - has successfully secured $1.6 million from domestic venture capitalists to fund the launching of a new Japan-based bitcoin exchange. The goal, to fill the void left by the collapse of Mt Gox. In September last year, the company announced that it had launched the first Japanese bitcoin crowdfunding platform as an add-on to BitFlyer - the aptly named FundFlyer. Shortly....
Japanese bitcoin exchange BitFlyer has created a new startup fund aimed at investing in companies working on blockchain technologies. Dubbed the 'Blockchain Angel Fund', the newly created fund has an initial size of ¥50m, or roughly $421,000. BitFlyer said in a press release earlier this week that it will focus on seed-stage investments. The first company to receive support is an app development startup called Savira, based in Osaka, Japan. According to its website, Savira is currently developing a platform for connecting devices via blockchain, and is also working on a mobile app that....
Crowdfunding platforms is one key area where Bitcoin has not yet been able to break much ground, even though there are local initiatives such as BitFlyer’s platform. Now that major electronics company Sony has announced their Japanese crowdfunding platform, things might be picking up for Bitflyer and Bitcoin as well. It is no secret that Sony has been dabbling around in the world of crowdfunding platforms in the past. But rather than trying to secure funding for their own projects, First Flight will take a slightly different approach. First Flight is the latest initiative coming from....