Busan Gets $100 Million For The Next 3 Years Invested By Blockchain Firms
According to the local news site Busan Ilbo, a consortium of blockchain venture capital firms planned to invest $100 million over three years to develop a blockchain ecosystem in South Korea’s second-largest city, Busan.
EOS Network Foundation, OKX Blockdream Ventures, AlphaNonce, and others inked an agreement to invest in blockchain startups in the city and recruit top talent from across the world. Busan will strive to create a favorable administrative environment to facilitate investment.
Earlier last week, Busan struck a similar arrangement with crypto exchange Gate.io and Crypto.com to establish blockchain infrastructure, including the operation and distribution of a local stablecoin.
Since the South Korean government designated Busan as an egulation-free blockchain zone in 2019, the city has been promoting itself as a blockchain hub and has formed various agreements with industry players.
It has struck partnerships with several of the world’s top cryptocurrency exchanges, including Binance, FTX, and Huobi, to assist in the development of blockchain infrastructure, with some planning to establish presences there in the near future.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
Author
News
Busan Gets $100 Million For The Next 3 Years Invested By Blockchain Firms
According to the local news site Busan Ilbo, a consortium of blockchain venture capital firms planned to invest $100 million over three years to develop a blockchain ecosystem in South Korea’s second-largest city, Busan.
EOS Network Foundation, OKX Blockdream Ventures, AlphaNonce, and others inked an agreement to invest in blockchain startups in the city and recruit top talent from across the world. Busan will strive to create a favorable administrative environment to facilitate investment.
Earlier last week, Busan struck a similar arrangement with crypto exchange Gate.io and Crypto.com to establish blockchain infrastructure, including the operation and distribution of a local stablecoin.
Since the South Korean government designated Busan as an egulation-free blockchain zone in 2019, the city has been promoting itself as a blockchain hub and has formed various agreements with industry players.
It has struck partnerships with several of the world’s top cryptocurrency exchanges, including Binance, FTX, and Huobi, to assist in the development of blockchain infrastructure, with some planning to establish presences there in the near future.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
Other Posts
Related Posts
Latest
Sui Foundation Enters into Strategic Partnership with Franklin Templeton Digital Assets
Best Cryptos to Invest in December 2024: Qubetics Surges Past $2.6M as Solana Records Big Whale Pump and Polkadot Aims for $6
Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!
Press Release
Sui Foundation Enters into Strategic Partnership with Franklin Templeton Digital Assets
Best Cryptos to Invest in December 2024: Qubetics Surges Past $2.6M as Solana Records Big Whale Pump and Polkadot Aims for $6
