Blockstream, the agency behind the Bitcoin (BTC) sidechains Liquid and Lightning Community, has launched its "Liquid Ventures Initiative," which se
Blockstream, the agency behind the Bitcoin (BTC) sidechains Liquid and Lightning Community, has launched its “Liquid Ventures Initiative,” which seeks to attach builders trying to construct on the industrial sidechain with crypto buyers.
The announcement follows the completion of the primary Liquid Demo Day, which noticed participation from startups and builders from Hong Kong, Israel, Spain, Switzerland, Japan and the US.
The Liquid Ventures Initiative is backed by over twelve Bitcoin-centric enterprise capital corporations and entrepreneurs — together with Nogle, Seven Seas VC, Blockchain Capital, Fort Island Ventures, Digital Storage Lab Fund, Electrical Capital, Fulgur Ventures, Lemniscap, Proof of Capital and Stillmark.
The initiative has obtained $5 million in commitments from its backers to this point.
Blockstream additionally introduced it’s open to expressions of curiosity from startups who wish to be concerned in its subsequent Liquid Demo Day.
Startups chosen to take part within the subsequent demo day “can be supplied with technical assist and operational steerage from the Blockstream staff,” along with the chance to pitch their venture to buyers and startups concerned in this system.
Demo days can be held on a quarterly foundation, with the subsequent occasion anticipated to be held throughout August.
Liquid Demo Day attracts world participation
Blockstream revealed that it held its first-ever Liquid Demo Day on Could 18.
The occasions noticed digital participation from builders representing six nations, together with corporations constructing settlement options, video games, and asset issuance platforms on high of Liquid.
Blockstream has not too long ago garnered controversy for backing a non-fungible token (NFT)-powered recreation slated to launch of Liquid, regardless of beforehand commenting that “no one needs NFTs.”