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Guangzhou Government Announces $140 Million Blockchain Subsidy Fund
Summary: In an attempt to encourage the development of blockchain initiatives the Guangzhou government has announced a $140 million subsidy fund. Senior executive at global crypto asset holding company Primitive Ventures, Dovey Wan, tweeted that they were ready to spend $141 million to sponsor two blockchain-related projects per year. The initiative is focusing primarily on federated ...
In an attempt to encourage the development of blockchain initiatives the Guangzhou government has announced a $140 million subsidy fund.
Senior executive at global crypto asset holding company Primitive Ventures, Dovey Wan, tweeted that they were ready to spend $141 million to sponsor two blockchain-related projects per year. The initiative is focusing primarily on federated chain projects and “no-coin” public chains.
By Ramsey Baker
Tags: Blockchain,Guangzhou,primitive ventures,subsidy
Link: Guangzhou Government Announces $140 Million Blockchain Subsidy Fund [Copy]
