Okcoin Launches $165M Collective Investment To Increase Bitcoin (BTC) Adoption

Cryptocurrency exchange Okcointo solutions that accelerate Bitcoin adoption among venture capital firms. Promise to distribute $165 million giving Bitcoin Odysseyannounced the launch of.

Bitcoin Odyssey, Stacks Accelerator and Stacks Foundation was released with. Participating firms reportedly included CoinDesk parent company Digital Currency Group, GSR, and White Star Capital.

It has been announced that capital and resources will go to products built on Stacks, an open-source network for Bitcoin-based smart contracts on the Bitcoin Blockchain.

The Odyssey initiative will be led by Okcoin’s charter co-chairs Alex Chizhik and Stacks Accelerator Partner Kyle Ellicott.

Speaking on the subject, Alex Chizhik said,

We do not want to create a central fund that allocates dictated amounts. What we want to do is essentially create a matchmaking service between top VCs and projects. There is no fixed amount allocated. There is no minimum amount that we allocate for each project.

said.

Chizhik also stated that the initial funding goal for Odyssey is $100 million, adding that their next goal is to have more subscribers.

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