2 years ago
Cryptocurrency speech Okcoin has launched the Bitcoin Odyssey, a year-long pledge among task superior firms to deploy $165 cardinal into solutions that accelerate bitcoin adoption.
Participating firms see CoinDesk genitor institution Digital Currency Group, GSR and White Star Capital, among others.
Bitcoin Odyssey was launched on with the Stacks Accelerator and Stacks Foundation. The superior and resources volition spell toward products being built connected Stacks, an open-source web for Bitcoin-based astute contracts connected the Bitcoin blockchain.
The superior volition spell toward solutions crossed Web 3, including the metaverse, play-to-earn games, decentralized concern (DeFi), non-fungible tokens (NFT and decentralized autonomous organizations (DAOs). Other areas of involvement see CityCoins and GovTech.
The Odyssey inaugural volition beryllium led by co-chairs Alex Chizhik, caput of listings astatine Okcoin, and Stacks Accelerator Partner Kyle Ellicott.
“We don’t privation to make a centralized money that allocates dictated amounts,” Alex Chizhik told CoinDesk successful an interview. “What we privation to bash is fundamentally make a matchmaking work betwixt the top-tier VCs and projects.”
“There’s nary fixed allocated amount. There’s nary minimum magnitude that we volition springiness to each project,” helium continued.
The archetypal backing people for Odyssey was $100 million, which was oversubscribed quickly, said Chizhik. He and Ellicott said they person continued to instrumentality calls from task superior firms funny successful participating successful the pledge.
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