Bitcoin is not just reaching to new segments of population to the regions that were unheard off but also receiving attention from media for several startups starting their operations. The latest addition to the list is Block26 LLC, the Los Angeles-based firm. It aims fund to fortify and finance blockchain technology firms beginning this year.
Though there are several venture capitalists that are showing their interest in funding Bitcoin startups and the companies that are in trouble, Block26 announced plans to invest in hand-selected companies that embrace the blockchain, the revolutionary technology behind Bitcoin. This also shows Block26 LLC is quite sincere about the job it has taken.
Nonetheless, led by Principals and Co-Founders Ni’coel Stark and Pedram Hasid and backed by Lakeshore Capital, among others, Block26 will provide capital, talent, and other resources to incubate a portfolio of startups in the Bitcoin space. A lot of Bitcoin companies are not able to function well as they lack funds to operate; however, this may solve a lot of their issues.
Talking about the launch Principal and Co-Founder Pedram Hasid said that they are launching Block26 to provide the Bitcoin community with much more than financing. He was quoted saying:
Beyond capital, our global network