The Bluehill startup incubator was launched after the company raised $ 50 million. Its main task will be the development of the IOST ecosystem. This is reported by CoinDesk.
The company announced the beginning of accepting applications from start-ups on a long-term basis and intends to allocate an average of $ 500,000 per project, including "both seed investments of $100,000 and follow-on investments in the low millions."
It is noteworthy that the startup promises to make investments together with Binance Labs and Huobi Capital.
[We are] open to all projects irrespective of whether they're presently building on IOST. Our focus is on backing the best teams early and aligning our interests with theirs right from the start so that we can build trust and familiarity with the most enduring companies.
According to the announcement, Bluehill has already sponsored 7 projects that develop decentralized applications. Of these, 6 are developing on the IOST detachment, and the seventh creates a separate blockchain.