PayPal co-founder and renowned venture capitalist Peter Thiel has picked up cryptocurrency investment platform Layer1, much like a press release published on Dec. 19.
San Francisco-based Layer1 has finished a $2.A million seed funding round led by big industry players like Thiel, Digital Currency Group, and American investor and Protg Partners founder Jeffrey Tarrant, and more.
The company allegedly aims to direct the raised funds for the further continuing growth of store-of-value applications and programmable money. In accordance with Alexander Liegl, the co-founder of Layer1, cryptocurrencies and digital assets produce an “unprecedented opportunity” for companies to add in value, that is “fundamentally different” from the possibilities proposed by traditional asset classes.
Earlier now, several crypto media outlets reported for the launch of Tagomi Holdings Inc., an electronic digital brokerage startup backed by Thiel’s business capital firm Founders Fund. Tagomi purportedly aims to alleviate the operational challenges relevant to trading cryptocurrencies and digital assets. The agency primarily suits clients that require institutional operational standards.
EOS developer, Block.one secured investments from Peter Thiel and cryptocurrency mining hardware billionaire Jihan Wu of Bitmain, with the month of July. It’s to be noted that Block.a person is the creator of one’s EOSIO software, a blockchain protocol that chooses to aid decentralized apps (DApps) during an industrial scale.
Moreover, the Wall Street Journal reported, within the month of July, that Founders Fund invested huge in Bitcoin, citing sources knowledgeable about the matter. The firm allegedly bought between $15 and $20 million in Bitcoins.
Global blockchain platform, Waves raised $120 million at a private funding round for its new blockchain project dubbed Vostok, the 2009 week. Vostok purportedly targets the deployment of Waves technologies for government and commercial IT systems. The private computer funding round was led by Dolfin, a London-based financial services firm.