SoftBank to Co-Develop A Decentralized Fund-Raising Platform

SoftBank to Co-Develop A Decentralized Fund-Raising Platform

JAPAN, January 6 — SoftBank, the 62nd largest company in the world and Japan’s biggest internet and telecommunications corporation has co-launched a decentralized blockchain development contest for entrepreneurs and startups with Topcoder. The company is seeking for a basic prototype of an international fund-raising platform with a greater level of transparency. Contestants will have three months, from January 6 to March 31 to design a decentralized and blockchain-based unalterable record-keeping application which could be implemented in cross-industry platforms. Smart contracts made by....


Related News

Softbank, Saudi Arabia To Invest $100 Bln in Tech Revolution, Fintech Startups First to Benefit

Softbank and Saudi Arabia have partnered to launch a $100 bln technology investment fund, which will focus on emerging tech firms and unorthodox markets outside the realm of common investments such as oil and real estate. Both Softbank and Saudi Arabia’s Public Investment Fund (PIF) have agreed to provide $25 bln and $45 bln respectively to the Softbank Vision Fund, while the remaining $30 bln will be invested by an undisclosed group of investors. Masayoshi Son, Chairman & CEO of Softbank stated: “With the establishment of the Softbank Vision Fund, we will be able to step up....

Softbank Invests $200 Million in Brazilian Crypto Trading Platform Mercado Bi...

The multinational conglomerate holding company headquartered in Tokyo, Softbank operates a Latin America Fund that invests in startups focused on identification technology, e-commerce, education, fintech and now cryptocurrency solutions. The Softbank Latin America Fund revealed on Thursday that it invested $200 million in the crypto-asset exchange Mercado Bitcoin. Mercado Bitcoin’s $200M Capital Raise: Softbank Funds One of the largest Series B funding rounds in LATM The Softbank Latin America Fund has invested in Mercado Bitcoin’s parent company 2TM Group. The announcement....

The Sandbox raises $93M to expand its NFT metaverse

SoftBank Vision Fund 2 led the $93 million Series B round, marking the fund’s first investment into crypto assets. The metaverse continues to be the next attraction point of crypto for investors, with The Sandbox, an Animoca Brands subsidiary and nonfungible token (NFT) metaverse platform, raising fresh capital in a funding round led by SoftBank Vision Fund 2.Marking SoftBank Vision Fund 2’s first investment into the crypto assets, The Sandbox’s Series B round saw $93 million raised with the participation of Animoca Brands, True Global Ventures, Galaxy Interactive, SCB 10X, Polygon Studios....

Ethereum-based ICONOMI Raises over $10.5 Million in ICO

Ethereum-based investment fund platform, ICONOMI, has set a record by raising the 11th largest crowdsale in history through its Initial Coin Offering (ICO), which was completed last month. In September, the Slovenian-based company announced that it had raised more than $8.9 million in operational capital and equity through an ICO, raising $3 million in the last three days. The first funds were presented at Ethereum’s Devcon2 last month in Shanghai. However, this latest news from the company shows that it managed to raise $10,576,227 from nearly 4,000 investors worldwide. This makes it the....

Fmr. SoftBank CEO Marcelo Claure Allocates 10% Of Wealth To Crypto

Speaking at the Bitcoin Miami Conference 2022, former SoftBank CEO Marcelo Claure announced the allocation of 10% of its wealth into crypto. Specifically, the former SoftBank executive will put a portion of his capital into BTC as a hedge against inflation. Related Reading | Bitcoin 2022 Conference, Industry Day: Bukele Steps Down, Tennessee Titans & More […]