Canadian Company to Become Investment Hub for ETH

Canadian pension giant OMERS is pushing further into cryptocurrency business by creating an Ethereum focused company
30 January 2018   663

The company under the name Ethereum Capital is hoping to become the central business and investment hub for the Ethereum ecosystem planning to raise $50 million. In order to achieve this goal the company is going to sell 2 million subscription receipts at a price of $2.50 each.

The funding round is expected to occur approximately on February 16, 2018. After that the company will invest the funds in both the Ether token and in blockchain startups.

Ethereum Capital is partially owned by OMERS and partly financed by Purpose Investments which is administrated by industry veteran Som Seif.

The main strategy of the company is to buy control stakes in Ethereum-based businesses, but it is also going to invest the Ether currency itself.

After the accomplishment of this goal each share of the company, called Ethereum Shares, will be replaced with a share in Movit Media Corp. Afterwards Movit Media Corp. plans to take over Ethereum Capital keeping the company’s name.

Authorship launches its book publishing platform

A single platform for readers, writers, translators and publishers Authorship is officially launching on June 1
22 May 2018   59

Authorship is a platform for all those who is involved in the publishing industry and simple readers. The purpose of the project is to solve the problems of the conventional book publishing industry. Thus, authors have the ease to get their books published; publishers can easily locate authors seeking their book to be published; translators can find popular books and translate them; and readers can easily find and read books of any liking. And the official project launch is set on June 1. Back in April Beta v2.0 was released: it brought a new responsive design, a new interface and features.

On the other hand, the platform recognized the importance of the exchange the Authorship token is listed. A close partnership with Bancor exchange has provided liquidity to ATS and a stable environment where any user can trade ATS with and from ETH or any other token that is a part of the Bancor network. The initial exchange ATS got listed on - HitBTC, was reluctant to address the user complaints on trading, depositing and withdrawal, so the contract was not extended further.

Authorship Beta platform

Currently, the Beta platform has 85 items of books of different genre. The platform supports the purchase with both ATS and USD. To learn more about the project, you can visit the official page here. At the moment of publication, Authorship market parameters are as follows:

Average price 0.007751 USD
Market cap 759,392 USD
Volume (24H) 4,259 USD