The Verdict reported on Monday, October 15, that Apple co-founder Steve Wozniak has co-founded blockchain-focused venture fund EQUI Global. Back in June, Steve criticized the technology and called the blockchain a bubble, and already in August he announced his plans to establish a company using this technology.
The new investment fund is going to change the concept of the traditional industry through non-institutional investments, and will also allow investors to trade on external cryptocurrency exchanges using EquiToken tokens. EquiToken's infrastructure is based on Ethereum Blockchain (ETH), which is widely used by decentralized application (DApps) developers.
EQUI Global will attract sophisticated investors interested in venture capital funds through investments in EquiToken, which can be exchange or cash out on external exchanges. The report also notes that 80 percent of EQUI Global's investment will be used to develop technology companies, and the remaining 20 percent will be used to develop companies in the real estate and arts sectors.
Wozniak said EQUI Global's mission is to "search for, support and fund the technology companies of the future" and the company is already partnering with more than 20 startups that have not yet officially launched. Wozniak also stressed that this is only the second time in twenty years that he has agreed to take on a project, although he receives dozens of business proposals and ideas every day.
According to the EQUI Global website, the company was founded almost a year ago, but the founders originally intended to launch the company as an ICO that uses the EquiToken token to attract investment on a project-by-project basis. However, thanks to Steve, the concept has changed somewhat.
Participating in a project supporting blockchain technology and cryptocurrency, Wozniak seems to change his skeptical position in this regard, although he spoke of Bitcoin in June of this year as “digital gold.”
According to cointelegraph.com
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