Pension Funds to Invest in Morgan Creek Venture Fund

Police and government official pension funds took part in $40M financing of new crypto venture fund
13 February 2019   489

Venture capital firm Morgan Creek Capital launched a cryptocurrency-oriented fund and raised $ 40 million under its operations. It is noteworthy that the main investors were public pension funds.

Thus, funds for the management of the capital of police ($ 1.45 billion) and other government officials ($ 4.25 billion) in Fairfax County, Virginia, supported the Morgan Creek Blockchain Opportunities Fund. Other investors include a university fund, a hospital network, an insurance company, and another private foundation.

The new fund will focus on seed rounds for cryptocurrency startups, but in some cases will invest in projects based on native tokens. At the same time, the fund will also hold a small portfolio of digital assets.

It is worth adding that the Morgan Creek Blockchain Opportunities Fund has already concluded deals with Coinbase, Bakkt, BlockFi and TrustToken.

Earlier, Morgan Creek offered to critics of digital assets a bet of $ 1 million: the firm is convinced that cryptocurrencies will surpass the dynamics of the S & P 500 stock index over 10 years.

EOS to Buy $30M Worth Domain For Its Social Network

Earlier, CEO reported that his company will spent about $150M to develop Voice, and looks like "voice.com" purchase for $30M is one of the first steps
19 June 2019   146

The Block.One company, known for developing the EOS blockchain protocol, acquired a domain for its new social network Voice for $ 30 million. This is evidenced by documents published on the website of the US Securities and Exchange Commission (SEC).

Documents were provided by MicroStrategy, an analytical and mobile software provider. It follows the “voice.com” domain, registered in the GoDaddy domain name registry, was transferred to the EOS developer on May 30, 2019. After 2 days, Block.One officially announced preparations for the launch of a social network.

Block.one has made a smart strategic decision in choosing Voice.com to be the internet domain name for its new social media platform. The word ‘voice’ is simple and universally understood. It’s also ubiquitous — as a search term, it returns billions of results on the internet. An ultra-premium domain name like Voice.com can help a company achieve instant brand recognition, ignite a business, and massively accelerate value creation.
 

Marge Breya 

Senior Executive Vice President and Chief Marketing Officer, MicroStrategy Incorporated. 

The commercial model of MicroStrategy is based, among other things, on the accumulation and sale of such expensive domain names.

According to Block.One, the identification of users and the use of the EOS blockchain in the social network will help to avoid the massive influx of bots, which often affect other members of this niche. Earlier, CEO Block.One Brendan Blamer reported that his company spent about $ 150 million to develop Voice.