Jim Breyer is an American venture capitalist, founder and CEO of BreyerCapital, an investment and venture philanthropy firm, a partner at venture capital firm Accel Partners, who is known for having invested in over 40 companies.
Venture capitalist, whose net worth is estimated to be around $2.4 billion, has announced that he has invested in VeChain cryptocurrency.
VeChain is a product management platform integrated with Blockchain technology that puts unique IDs on the Blockchain. Vechain is focusing on transparency through anti-counterfeiting and supply chain management. Counterfeit luxury goods are a big problem and VeChain, if successful, could offer a transformative solution.
Jim Breyer stated in his post on Quora that VeChain has a strong team and has already established formidable partnerships with organizations like PwC. The venture capitalist expects Vechain to implement their technology and help get rid of various supply chain inefficiencies.
I took a bold bet on China over a decade ago and remain as convinced as ever that Chinese innovation will resume at a rapid and competitive pace.
The statement of american venture capitalist Jim Breyer may have positively influenced the price of VeCain cryptocurrency, which started rising and showed the increase of 7,22% within past 24 hours and growth of 59,85% during past 7 days.
Previously, we have reported that VeChain announced partnership with Hubei Sanxin Cultural Media Ltd. to manage digital publication industry.
At the moment of press, these are main market parameters of VeChain:
- Average price: $4,63
- Marketcap: $1 283 919 868
- 24h volume: $146 770 000