Cryptocurrency news

Block stream launched a venture initiative to develop the Liquid ecosystem

Block stream launched a venture initiative to develop the Liquid ecosystem

Block stream, the developer of the Liquid sidechain, has launched the Liquid Ventures Initiative to bring together liquid app developers and investors.

As reported
Block stream, the goal of the Liquid Ventures Initiative is to develop the Liquid Network ecosystem, bringing together promising projects based on Liquid and bitcoin investors who are interested in developing the sidechain.

Liquid Ventures Initiative is supported by fifteen venture capital companies and entrepreneurs, including Nogle, Seven Seas VC, Blockchain Capital, Castle Island Ventures, Digital Garage Lab Fund, Electric Capital, Fulgur Ventures, Lemniscap, Proof of Capital, and Stillmark. The venture initiative has already received $5 million from its supporters.

The first event in the framework of the initiative was the recently held first Liquid Demo Day, which was attended by startups and developers from Hong Kong, Israel, Spain, Switzerland, Japan and the United States.

According to Blockstream, startups selected to participate in the next Liquid Demo Day “will be provided with technical support and operational guidance from the Blockstream team”, in addition to the opportunity to present their project to investors and startups participating in the program.

Demonstration days will be held quarterly, and the next event will be held in August. On may 18, Liquid Demo Day was attended by developers from six countries, including firms that create financial solutions, games and platforms for issuing assets based on Liquid.

Recall that last summer Block stream launched
atomic swaps on the Liquid sidechain, and announced a year ago
about launching its own Liquid Securities platform for issuing share tokens. The platform runs on the Bitcoin liquid Network sidechain.