Hypes, funds, fiat money

22/12/18 11:00 UTC-4

Peter Thiel, a major investor, supported the Layer1 blockchain -startup in the amount of $ 2.1 million

Peter Thiel, Co-founder of PayPal and well-known venture capital investor, supported the start-up fundraiser for Layer1 in the amount of $ 2.1 million – as reported by the CoinDesk news agency.

Other large investors who participated: the Digital Currency Group Corporation, as well as Jeffrey Tarrant – a well-known institutional investor.

 

The prospect of Layer1 blockchain-startup

As you know, Layer1 blockchain-startup is a platform for crypto-investment in engineering infrastructure. Nevertheless, it also acts as a technologically oriented foundation that supports new promising blockchain-technology protocols.

The fame of the startup was brought by its function of supporting the growth of many projects, as well as helping to implement ideas for the development of the blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
. Layer1 pays special attention to the development and support of new cryptocurrencies, since it believes that "digital money is the road to the future of the economy".

Co-founder of Layer1, Alexander Liegl: "Cryptocurrencies, like open source protocols, provide companies with an unprecedented opportunity (...) to significantly increase the value of supported projects. This is fundamentally different from the opportunities available in working with traditional asset classes."

Currently, the company has stated that it is deeply involved in working with cryptocurrencies aimed at increasing the level of confidentiality and security.

Recall that this is not the first time Peter Thiel makes a bet on a cryptographic startup. As you know, back in May, he invested in Tagomi Systems Inc., a startup with the mission of serving as a broker-dealer to optimize wholesale orders to buy Bitcoin for valuable customers. Peter Thiel, a popular investor, supported a Layer1 blockchain-startup company in the amount of $ 2.1 million, while the full amount contributed to the Layer1 fund at the time of the first collection is several times more.

Editor: Pereyidenko Ihor

See also: "Calastone British company transfers its system to Blockchain"

#Layer1 #Peter Thiel #investments #funds

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