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Spacebit announces the first tokenized VC fund for the space industry

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Spacebit announces the first tokenised VC fund for the space industry
Source: Spacebit

On October 25, 2018, Spacebit Capital announced the world’s first ever tokenized venture capital fund for the space industry. The announcement was made simultaneously at the World Investment Forum in Geneva and the World Blockchain Summit in Dubai.

Making a Greater Leap for Crypto

The private space industry is a rapidly-growing market, projected to be worth trillions of dollars in the near future, according to a recent Goldman Sachs [2016] report. A new vision for space is beginning to emerge. Once only accessible to governments and large corporations, it is now open to small companies and even for public participation. Exciting projects involving new space missions, the Moon, Mars and asteroid mining will all bring considerable opportunity and economic value for future generations.

Those resources will not only change the course of humanity but will also provide an avenue for investors to meaningfully participate in our next great adventure. Blockchain alone gives us unprecedented capabilities to create and trade value in society. As the foundational platform of the Fourth Industrial Revolution, it can help create and distribute new values, which can be gained from exploring the final frontier. Tokenisation of missions and space assets will help create and measure new value to humankind, whilst appreciating increased liquidity and public participation.

Tokenising the Final Frontier

The fund will focus on early stage, space-related IP intensive companies for near earth and lunar applications and predominately invest in downstream [software] and commercial applications relevant to satellite communications and data, with a particular focus on those incorporating blockchain technology.

It is well known that satellite data and its effective communication has been an enabler of new commercial opportunities and social innovations, from applications in intelligent transport and smart cities to the agriculture, insurance, and maritime industry. The ability to tokenize communications and data is a key enabler for the future economy, allowing for such opportunities to be extended, forming a new global space economy, whilst redefining the existing venture capital model and bringing liquidity into long-term space projects.

The fund’s secondary investments will target enabling technologies, such as those in propulsion, robotics and remote sensing which are required for the upcoming generation of Space missions. To complement the fund, a network of Crypto Space Angels has been formed, comprising of experts, investors, and visionaries from the cryptocurrency and blockchain industries.

Crypto Angels for Space Technology

The creation of Crypto Space Angels network is another step toward realizing a greater mission for cryptocurrency and creating an ecosystem to enable mankind to venture further into space. The purpose of Crypto Space Angels is to create a global network of cryptocurrency investors who want to make a difference and support development of the space industry.

Fund partner, Pavlo Tanasyuk commented:

“We have developed a clear roadmap for our future investments and a pipeline of space projects ready for execution and funding. The initial investment phase will concentrate on the European markets. We believe that the creation of Spacebit Capital will help harness the latest innovations in satellite data and communications technology and drive the next digital revolution. We are soon opening investment opportunities to qualified investors, but in the future, we hope to establish a hybrid model where any individual will be able to directly invest in large-scale space projects, which forms a key part our vision”

Website: Spacebit, Crypto Space Angels

Spacebit Vision: Youtube

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Press Release

Party for the POC Believers – A New Consensus, a New Era

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Party for the POC Believers - A New Consensus, a New Era
Source: Pixabay

One of the most influential blockchain conferences – Consensus 2019, has just ended. Leading figures from all over the worlds of business and technology are still discussing the stories that emerged during the event, on the blockchain market, tech development and more.

Consensus is the core spirit of blockchain. The Consensus conference is named after this principle. While paying tribute to the technology, it inspires people in the blockchain industry to communicate, innovate and solve problems.

Source: Socialydia

After attending the Consensus conference, the BHD Community held an invitation-only party, ‘New Consensus, New Era’, at the Hilton Hotel NY on 14th May. This party gathered people from all over the world who believe in POC consensus, hard disk mining, and BHD, and gave them a good opportunity to connect in person.

Gary, BHD Community Initiator and Hpool COO, stated,

“The POC consensus adopted by BHD will lead a new era. Compared to ASIC mining, hard disk mining costs much less. The hard disk is also the most decentralized mining hardware in the world.”

He believed that only POC could realize the initial vision of Nakamoto – ‘one person, one vote’ – and called on people to join the POC ecosystem.

Source: Socialydia

Source: Socialydia

The attending investors and practitioners had deep discussions on the POC consensus and showed high recognition and interest.

Source: Socialydia

Source: Socialydia

[Network Session at the Party]

Source: Socialydia

Source: Socialydia

[BHD at Consensus 2019]

Source: Socialydia

Source: Socialydia

[photo with the visitors]

In the era of POW, BTC was at the forefront of the scene; now the rise of POC brings a new trend. BHD is the pioneer of this revolution, with new consensus and new mining structures. BHD will become the ‘BTC’ of the POC consensus mechanism.

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