Polychain Captial Assets to Drop by 40% In Q4 2018

As of the end of March of this year, the value of the assets of the fund was $ 591.5 million, that's $ 376.3 million less than in August 2018
12 April 2019   460

According to data submitted to the US Securities and Exchange Commission, the value of assets at the disposal of Polychain Capital, the largest cryptocurrency fund, has slipped by a third in less than a year.

As of the end of March of this year, the value of the assets of the fund was $ 591.5 million. This amount is $ 376.3 million less than that indicated in the report filed in August 2018. Then Polychain Capital managed assets of $ 967.8 million.

In addition to the financial performance of the fund, the document states that there's no guarantees that in the long run, digital assets will retain their value or that the massive adoption of cryptocurrencies by major retailers and commercial enterprises will grow.

At the beginning of this year, California-based Polychain Capital attracted $ 175 million to create a cryptocurrency venture fund.

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   71

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.