Peerplays - First Startup To Get Support from $150 Million DAO Fund?
The online gaming and wagering platform, Peerplays, is the first startup to be vying for funding. DAO is to begin reviewing and voting on proposals this week. What is Peerplays? Peerplays is an online gaming and wagering platform that uses open-source blockchain technology to prove fair fair play at casino card game. The company could potentially provide a solution to the widespread issue of fraud in the gambling industry, where an estimated $100 million a year is lost by players to cheaters. Fabian Schuh, advisor and developer at Peerplays, says: “Being part of a decentralized autonomous....
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Peerplays, an online gaming and wagering platform which uses open-source Blockchain technology, introduced its DAO proposal in May. After receiving feedback from DAO supporters, the platform has also decided to build a sidechain from Peerplays to Ethereum. An updated proposal was published a few days ago, offering 20% of the Peerplays earnings to The DAO in exchange for an increased valuation to cover costs associated with developing this sidechain at an accelerated pace. Peerplays might become the first startup to get support from $150 million DAO fund. The proposed price is $1.2 million....
After a successful first round of ICO funding, Peerplays announced today that they have innovated the Blockchain space with the creation of an open-source fee sharing module, allowing any Graphene-based Blockchain to distribute profits directly to its token holders. “Peerplays is aiming to be the first truly Decentralized Autonomous Cooperative (DAC) and we have just added a major piece to the puzzle,” said Jonathan Baha’i, President of BunkerChain Labs and the Blockchain technology consultant for Peerplays, in a press release. He notes: “With this new profit sharing module, all the fees....
Venture capital firm Blockchain Capital has announced the closure of its second fund used for investments in bitcoin- and blockchain-companies after fundraising $13 million in total. Blockchain Capital, a venture capital firm that set the precedent as the first investment fund for the digital currency industry has sealed its second startup fund for $13 million. A press release revealed that the second fund has already been used for investments in 2015, with a total of 23 bitcoin and blockchain technology companies invested into. In a statement, managing partner and co-founder Brad Stephens....
Sports fan engagement platform startup Fanzee is feeling richer today after securing the capital it needs to get its offering off the ground. The startup said today it has closed on a $2 million pre-seed funding round led by TONcoin.fund, a $250 million fund for teams building in the TON blockchain ecosystem. Alongside TON.coin fund, […]
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....